- Initial jobless claims increased by 202,000 in the week ending December 30.
- The DXY regains some balance around 102.50.
The number of U.S. citizens filing for unemployment insurance benefits increased by 202,000 in the week ending Dec. 23, the U.S. Department of Labor (DOL) reported Thursday. The reading came in below market expectations and follows an increase of 220,000 in the previous week.
Further details from the release revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was at 207,750, down 4,750 from the previous week's revised average.
Additionally, Continued Employment Applications decreased by 31,000 to 1.855 million in the week ending December 23.
Market reaction
The Dollar Index attempted a rebound to the 102.50 area after the publication of the ADP report.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
