- Weekly jobless claims increased by 215,000 from the previous week.
- Continued applications also surprised on the upside.
U.S. citizens filing for unemployment insurance benefits increased by 215,000 in the week ending February 24, the U.S. Department of Labor (DoL) reported Thursday. The figure was lower than initial estimates of 210,000 and followed an increase of 202,000 the previous week.
Other details from the release revealed that the advance seasonally adjusted insured unemployment rate was 1.3% (from 1.2%) and the 4-week moving average stood at 212.50K, a decrease of 3,000K from the revised average from the previous week.
Additionally, continuing claims increased by 45,000 to 1.905 million in the week ending February 17.
Market reaction
The Dollar Index (DXY) is hovering around the 103.86 zone, losing 0.07% on the day.
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.
