Investing.com – The number of people who filed for unemployment assistance in the U.S. last week declined less-than-expected, 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 September 16 fell by 9,000 to a seasonally adjusted 423,000, falling short of expectations for a decline to 420,000.
The previous week’s figure was revised up to 432,000 from 428,000.
Continuing jobless claims in the week ended September 10 fell to 3.727 million from a revised 3.755 million in the preceding week. Analysts had expected continuing jobless claims to fall to 3.720 million.
Following the release of the data the U.S. dollar remained higher against the euro, with EUR/USD slumping 0.94% to trade at 1.3446.
Meanwhile, U.S. stock index futures were largely unchanged following the data.
The Dow Jones Industrial Average futures indicated a sharp loss of 2.4%, S&P 500 futures tumbled 2.7%, while the Nasdaq 100 futures dropped 2.3%.