We have updated our privacy policy and terms & conditions. Find out more here.
16
 

U.S. initial jobless claims rise by 18,000 to 354,000 last week

By Investing.comEconomic IndicatorsJun 20, 2013 12:32PM GMT Add a Comment
 
AA
+
-
Investing.com - The number of people who filed for unemployment assistance in the U.S. rose more-than-expected last week, underlining concerns over the U.S. jobs market, official data showed on Thursday.

U.S. initial jobless claims rise by 18,000 to 354,000 last week
In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending June 15 rose by 18,000 to a seasonally adjusted 354,000, compared to expectations for an increase of 4,000 to 340,000.

Jobless claims for the preceding week were revised up to a gain of 336,000, from a previously reported 334,000.

Continuing jobless claims in the week ended June 8 fell to 2.951 million. Analysts had expected continuing claims to increase to 2.960 million from last week’s revised figure of 2.991 million.

The four-week moving average was 348,250, an increase of 2,500 from the previous week's revised average of 345,750.

The monthly average is seen as a more accurate gauge of labor trends because it reduces volatility in the week-to-week data.

Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.61% to trade at 1.3213.

Meanwhile, U.S. stock future indices pointed to a lower open. The Dow Jones Industrial Average futures pointed to loss of 0.6%, S&P 500 futures indicated a decline of 0.8%, while the Nasdaq 100 futures signaled a loss of 0.8%.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related Articles

Euro zone inflation slows to 0.3% in September
By 
Investing.com
 - Sep 30, 2014
Italian CPI -0.3% vs. -0.3% forecast
By 
Investing.com
 - Sep 30, 2014

Add a Comment

 

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

EUR/USD
 
 
 
Are you sure you want to delete this chart?
 
 
 
Are you sure you want to delete this chart?
 
 
 

Successfully Reported

Thank you. This comment has been flagged for a moderator.
_touchLoadingMsg