Select Language

US: Initial Jobless Claims rose to 221K last week

Breaking news

US: Initial Jobless Claims rose to 221K last week

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2024.11.07 22:46
US: Initial Jobless Claims rose to 221K last week

update 2024.11.07 22:46

  •  Initial Jobless Claims matched consensus and increased to 221K.
  • Continuing Jobless Claims climbed to 1.892M in the week ending October 25.

US citizens filing new applications for unemployment insurance rose to 221K for the week ending November 1, as reported by the US Department of Labor (DoL) on Thursday. This print matched initial estimates and was higher than the previous week's tally of 218K (revised from 216K).

The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average retreated to 227.25K, marking a decrease of 9.750K from the prior week's revised average.

Moreover, Continuing Jobless Claims went up by 39K to reach 1.897M for the week ending October 25.

Market reaction

The greenback corrects lower and recedes to the 104.50 region when tracked by the US Dollar Index (DXY) amidst the broad-based recovery in the risk-linked universe.


Date

Created

 : 2024.11.07

Update

Last updated

 : 2024.11.07

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

BoE: A quarter per quarter - Rabobank

The Bank of England's MPC cut the benchmark rate by 25bp to 4.75%.
New
update2024.11.08 00:46

Gold is the new bitcoin - TDS

Gold is trading like bitcoin now, but a comprehensive flows-based approach doesn't corroborate the last leg of this rally, TDS' Senior Commodity Strategist Daniel Ghali notes.
New
update2024.11.08 00:00

EUR/JPY Price Prediction: Unspooling a consolidation phase within a bull trend, gap risk

EUR/JPY is still unwinding a consolidation phase within a short and medium-term uptrend.
New
update2024.11.07 23:50

USD/CAD Price Forecast: Corrects below 1.3900 as traders brace for Fed's policy decision

The USD/CAD pair corrects below the round-level figure of 1.3900 in Thursday's North American session.
New
update2024.11.07 23:45

EUR/GBP finds itself back down near multi-year lows after BoE decision

EUR/GBP trades marginally lower on Thursday, in the 0.8320s as it consolidates just above two-and-a-half year lows, and the bottom of a five-week range.
New
update2024.11.07 23:15

BoE: Cut rates as widely expected - TDS

The Bank of England cut Bank Rate today by 25bps, as universally expected.
New
update2024.11.07 23:09

US: Initial Jobless Claims rose to 221K last week

US citizens filing new applications for unemployment insurance rose to 221K for the week ending November 1, as reported by the US Department of Labor (DoL) on Thursday.
New
update2024.11.07 22:45

Silver Price Forecast: XAG/USD rebounds above $31.50 ahead of Fed policy decision

Silver price (XAG/USD) bounces back above $31.00 in Thursday's North American session after a sharp nosedive move on Wednesday.
New
update2024.11.07 22:24

Bailey speech: Will watch very closely what Trump administration does on trade

Bank of England (BoE) Governor Andrew Bailey speaks on the policy outlook and responds to questions from the press following the decision to lower the policy rate by 25 basis points (bps) at the November meeting.
New
update2024.11.07 21:58

Bailey speech: Path of interest rates will be very different due to budget

Bank of England (BoE) Governor Andrew Bailey speaks on the policy outlook and responds to questions from the press following the decision to lower the policy rate by 25 basis points (bps) at the November meeting.
New
update2024.11.07 21:49

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel