The U.S. Department of Labor (DoL) reported on Thursday that new applications for unemployment insurance benefits reached 218,000 for the week ending September 21. This figure is lower than the initial consensus estimate of 225,000 and represents a decrease from the previous week’s revised total of 222,000 (originally reported as 219,000).
Additional insights from the report indicated that the advance seasonally adjusted insured unemployment rate stood at 1.2%. The four-week moving average for initial claims was recorded at 224,750, showing a decline of 3,500 from the previous week’s revised average.
Furthermore, Continuing Claims increased by 13,000, totaling 1.834 million for the week ending September 14.
Market Reaction
In the aftermath of the data release, the U.S. Dollar Index (DXY) exhibited mixed performance, trading around the 100.90 level as market participants assessed the implications of the latest unemployment figures.
You Might Be Interested In
- Silver Prices Steady Near $32 as Fed Speculation Grows
- Financial Markets Face Volatility Amid Economic Uncertainty and Liquidity Growth
- U.S. Housing Market Shows Stabilization Amid Declining Sales,gold close to the $2,700 per ounce mark
