story
USD
US Initial Jobless Claims Rise Above Expectations to 206,000
Published Sep 3, 13:32 UTC
Impact
6/ 10, medium
USD coverage tone
-0.2slightly negative
Corroboration
3independent organizations
Market reaction
Live, FXC rate feed
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Change measured from story publish at 13:32 UTC, from our own MT4 feed.
- US Initial Jobless Claims rose to 206,000, above 205,000 forecast.
- This marks an increase from the prior week’s revised 204,000.
- Continuing claims also increased to 1.779 million.
US citizens filing new applications for unemployment benefits increased to 206,000 for the week ending August 29, according to data released by the Department of Labor on Thursday. This figure surpassed economists’ forecasts of 205,000 and marked an increase from the prior week’s revised 204,000. The four-week moving average for initial claims also climbed by 1.5K to 207.25K. Additionally, continuing jobless claims for the week ending August 22 rose by 8K, reaching 1.779 million. The uptick in claims suggests a slight easing in the tight labor market conditions.
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