Investing.com UK - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

U.S. initial jobless claims rise by 3,000 to 271,000 last week

Published 25/06/2015, 13:33
© Reuters. U.S. initial jobless claims rise to 271,000 last week
EUR/USD
-
GBP/USD
-
USD/JPY
-
DX
-
GC
-
ESZ24
-
CL
-
1YMZ24
-
NQZ24
-

Investing.com - The number of people who filed for unemployment assistance in the U.S. last week rose last week, but remained in territory consistent with a strengthening labor market, official data showed on Thursday.

In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending June 20 increased by 3,000 to a seasonally adjusted 271,000 from the previous week’s total of 268,000. Analysts had expected initial jobless claims to rise by 4,000 to 272,000 last week.

First-time jobless claims have held below the 300,000-level for 16 consecutive weeks, which is usually associated with a firming labor market.

Continuing jobless claims in the week ended June 13 rose to 2.247 million from 2.225 million in the preceding week. Analysts had expected continuing claims to decline to 2.215 million.

The four-week moving average was 273,750, a decline of 3,250 from the previous week’s total of 277,000. The monthly average is seen as a more accurate gauge of labor trends because it reduces volatility in the week-to-week data.

EUR/USD was trading at 1.1196 from around 1.1211 ahead of the release of the data, GBP/USD was at 1.5723 from 1.5738 earlier, while USD/JPY was at 123.72 from 123.60 earlier.

The US dollar index, which tracks the greenback against a basket of six major rivals, was at 95.50, compared to 95.37 ahead of the report.

Meanwhile, U.S. stock futures pointed to a modestly higher open. The Dow futures pointed to a gain of 0.35%, the S&P 500 futures tacked on 0.3%, while the Nasdaq 100 futures advanced 0.35%.

Elsewhere, in the commodities market, gold futures traded at $1,172.80 a troy ounce, compared to $1,173.20 ahead of the data, while crude oil traded at $59.87 a barrel from $59.88 earlier.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.