Initial jobless claims rose to 217,000 last week

On By Littum

  • Initial jobless claims topped consensus and rose to 217,000.
  • Continued jobless claims rose to 1.859 million. in the week ending January 3.

US citizens filing new claims for unemployment insurance rose to 217,000 for the week ended January 10, as reported by the US Department of Labor (DoL) on Thursday. This print missed initial estimates and was higher than the previous week’s figure of 203K (revised from 201K).

The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average retreated to 212.75K, marking a drop of 750 from the previous week’s revised average.

Furthermore, Continuing Jobless Claims fell by 18,000 to 1,859 million. for the week ending January 3.

Market reaction

The greenback maintains the bullish bias in the low-109.00s when tracked by the US Dollar Index (DXY) amid the broad-based recovery in US yields.

(This story was corrected on January 16 at 12:58 GMT to say that the four-week moving average marked a decline of 750 from the previous week’s revised average, not 750,000.)