• Weekly Initial Jobless Claims in the US increased by 13,000.
  • US Dollar Index stays in the negative territory near 90.60.

There were 861,000 initial claims for unemployment benefits in the US during the week ending February 13, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 848,000 (revised from 793,000) and came in worse than the market expectation of 765,000.

Market reaction

The US Dollar Index largely ignored this report and was last seen gaining 0.35% on the day at 90.63.

Additional takeaways

“The 4-week moving average was 833,250, a decrease of 3,500 from the previous week’s revised average.”

” The advance seasonally adjusted insured unemployment rate was 3.2% for the week ending February 6.”

“The advance number for seasonally adjusted insured unemployment during the week ending February 6 was 4,494,000, a decrease of 64,000 from the previous week’s revised level.”