US weekly Initial Jobless Claims rise to 231K vs. 220K expected

• Initial Jobless Claims in the US increased by 13,000 in the week ending November 11.
• US Dollar Index stays in daily range below 104.50.

There were 231,000 initial jobless claims in the week ending November 11, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 218,000 (revised from 217,000) and came in worse than the market expectation of 220,000.

Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.3% and the 4-week moving average stood at 220,250, an increase of 7,750 from the previous week’s revised average.

“The advance number for seasonally adjusted insured unemployment during the week ending November 4 was 1,865,000, an increase of 32,000 from the previous week’s revised level.”

Market reaction

The US Dollar Index stays in its daily range below 104.50 following this data.