- Initial Jobless Claims in the US rose by 18,000 in the week ending April 26.
- US Dollar Index clings to small daily gains below 100.00.
There were 241,000 initial jobless claims in the week ending April 26, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 223,000 (revised from 222,000) and came in worse than the market expectation of 224,000.
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.3%.
“The advance number for seasonally adjusted insured unemployment during the week ending April 19 was 1,916,000, an increase of 83,000 from the previous week’s revised level,” the DOL said in its press release and noted that this is the highest level for insured unemployment since November 13, 2021, when it was 1,970,000.
Market reaction
The US Dollar (USD) Index retreated with the immediate reaction to this report and was last seen gaining 0.1% on the day at 99.75.
