US: Initial Jobless Claims rose to 207K last week
- Initial Jobless Claims came short of consensus, increasing to 207K.
- Continuing Jobless Claims climbed to 1.858M in the week ending January 18.
US citizens filing new applications for unemployment insurance rose to 207K for the week ending January 25, as reported by the US Department of Labor (DoL) on Thursday. This print missed initial estimates and was lower than the previous week's unrevised tally of 223K.
The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average retreated to 212.50K, marking a decrease of 1K from the prior week’s unrevised average.
Moreover, Continuing Jobless Claims went down by 42K to reach 1.858M for the week ending January 18.
Market reaction
The Greenback maintains its bullish bias for the third consecutive day around the 108.00 neighbourhood when measured by the US Dollar Index (DXY) amid the broad-based decline in US yields and investors' assessment of the Fed’s hawkish hold on Wednesday.