US weekly Initial Jobless Claims rise to 225K vs. 220K expected

• Initial Jobless Claims in the US rose by 6,000 in the week ending September 28.
• US Dollar Index stays in positive territory slightly below 102.00.

There were 225,000 initial jobless claims in the week ending September 28, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 219,000 (revised from 218,000) and came in slightly worse than the market expectation of 220,000.

Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average stood at 224,250, a decrease of 750 from the previous week’s revised average.

“The advance number for seasonally adjusted insured unemployment during the week ending September 21 was 1,826,000, a decrease of 1,000 from the previous week’s revised level.” the DOL further noted in its publication.

Market reaction

The US Dollar showed no immediate reaction to these figures. At the time of press, the USD Index was up 0.3% on the day at 101.90.