- The latest week saw initial unemployment claims drop to 231K.
- Continued unemployment claims decreased to 1.920 million.
According to a report from the U.S. Department of Labor released on Thursday, new applications for unemployment insurance decreased to 231,000 for the week ending September 13th. This figure was below expectations of 240,000 and revised down from a previous 264,000.
Furthermore, the four-week moving average rose slightly to 240,000, down from the revised figure of the previous week.
The report indicated a seasonally adjusted unemployment rate of 1.3%, with continued claims for the week ending September 6th falling by 7,000 to 1.920 million.
Market reaction
The dollar is expected to maintain its position as it navigates around the 97.20 area amid various market considerations.
