US: Weekly Initial Jobless Claims rise to 332K vs. 328K expected

There were 332,000 initial claims for unemployment benefits in the US during the week ending September 11, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 312,000 (revised from 310,000) and came in slightly worse than the market expectation of 328,000.

Market reaction

Supported by the upbeat Retail Sales data, the US Dollar Index is edging higher in the early American session and was last seen gaining 0.43% at 92.87.

Additional takeaways

"The 4-week moving average was 335,750, a decrease of 4,250 from the previous week's revised average."

"The advance seasonally adjusted insured unemployment rate was 1.9% for the week ending September 4, a decrease of 0.2 percentage point from the previous week's revised rate."

"The advance number for seasonally adjusted insured unemployment during the week ending September 4 was 2,665,000, a decrease of 187,000 from the previous week's revised level."