US: Weekly Initial Jobless Claims decline to 229K vs. 227K expected

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  • Initial Jobless Claims declined by 2,000 in the week ending June 18.
  • US Dollar Index holds in positive territory near 104.50.

There were 229,000 initial jobless claims in the week ending June 18, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 231,000 (revised from 229,000) and came in slightly higher than the market expectation of 227,000.

Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 0.9% and the 4-week moving average was 223,500, an increase of 4,500 from the previous week’s revised average.

“The advance number for seasonally adjusted insured unemployment during the week ending June 11 was 1,315,000, an increase of 5,000 from the previous week’s revised level,” the DOL’s publication read.

Market reaction

There was no immediate market reaction to these figures and the US Dollar Index was last seen rising 0.25% on the day at 104.45.