Breaking News
0

U.S. Jobless Claims Unexpectedly Rise

Economic IndicatorsJan 11, 2018 08:32AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. U.S. jobless claims rise to 261,000 vs. 246,000 forecast

Investing.com - The number of people who filed for unemployment assistance in the U.S. unexpectedly increased last week, although they remained at levels considered to be in line with a firming 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 January 6 increased by 11,000 to a seasonally adjusted 261,000 from the previous week’s total of 250,000.

Analysts had expected jobless claims to drop to 246,000 last week.

First-time jobless claims below the 300,000-level are usually associated with a firming labor market.

Meanwhile, continuing jobless claims in the week ended December 30 dropped to 1.867 million from 1.902 million in the preceding week which was revised down from an initial reading of 1.914 million.

Analysts had expected continuing claims to increase to 1.915 million.

The four-week moving average was 250,750, a gain of 9,000 from the previous week's reading of 241,750.

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

After the report, which was published simultaneously with the producer price index, EUR/USD was trading at 1.2032 from around 1.2015 ahead of the release of the data, GBP/USD was at 1.3506 from 1.3492 earlier, while USD/JPY changed hands at 111.41 compared to 111.36 previously.

The US dollar index, which tracks the greenback against a basket of six major rivals, traded at 91.73 compared to 91.87 ahead of the release.

Meanwhile, U.S. stock futures pointed to a higher open. The Dow futures rose 34 points, or 0.13%, the S&P 500 futures gained 4 points, or 0.15%, while the Nasdaq 100 futures advanced 12 points, or 0.17%.

Elsewhere, in the commodities market, gold futures traded at $1,322.40 a troy ounce, compared to $1,320.90 ahead of the data, while crude oil was at $63.87 a barrel, compared to $63.84 before the release.

U.S. Jobless Claims Unexpectedly Rise
 

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.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • 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.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
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.
Continue with Google
or
Sign up with Email