U.S. Initial Claims Rose Last Week – January 27

Yesterday, January 26th, the U.S. jobless claims weekly report was published; the report showed a rise in initial claims of 21,000 for the week ending on January 21st; the total initial claims reached 356,000 claims (seasonally adjusted data); the four week average also increased by 2,500 to 377,500; the insured unemployment rate rose by 0.1 percent points to 2.8% for the week ending on January 14th;  the number of insured unemployment reached 3.554 million, a sharp increase of 88,000 compared with the previous week’s figure.

On the other hand, the four week average fell by 15.75 thousand  to 3.569 million. This news may have affected yesterday’s currency forex trading and may helped with the ongoing depreciation of the US dollar.

 

For more on this subject:

Leave a Reply

Your email address will not be published. Required fields are marked *