US: Weekly Initial Jobless Claims rise to 217K vs. 220K expected
- Initial Jobless Claims in the US rose by 3,000 in the week ending October 22.
- US Dollar Index stays in positive territory above 110.00 after the data.
There were 217,000 initial jobless claims in the week ending October 22, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 214,000 and came in slightly better than the market expectation of 220,000.
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1% and the 4-week moving average was 219,000, an increase of 6,750 from the previous week's unrevised average.
"The advance number for seasonally adjusted insured unemployment during the week ending October 15 was 1,438,000, an increase of 55,000 from the previous week's revised level," the DOL further reported.
Market reaction
The dollar preserves its strength in the early American session and the US Dollar Index was last seen rising 0.5% on the day at 110.23.