US: Initial Jobless Claims rose less than estimated last week

Market news

27 June 2024

US: Initial Jobless Claims rose less than estimated last week

Initial Jobless Claims rose by 233K vs. the previous week.
Continuing Jobless Claims increased by nearly 1.840M.

US citizens that applied for unemployment insurance benefits increased by 233K in the week ending June 22 according to the US Department of Labor (DoL) on Thursday. The prints came in short of initial estimates (236K) and were lower than the previous weekly gain of 239K (revised from 238K).

In addition, Continuing Claims increased by 18K to 1.839M in the week ended June 15.

Market reaction

The US Dollar Index (DXY) maintains its bearish stance on Thursday, returning to the sub-106.00 region amidst some tepid improvement in the risk-associated universe.

US GDP growth for Q1 revised higher to 1.4% as expected

United States Gross Domestic Product Price Index meets forecasts (3.1%) in 1Q

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.