US: 1.43 million Americans applied for unemployment benefits last week

• Weekly Initial Jobless Claims in US increased by 12,000.
• US Dollar Index stays in positive territory above 93.50.

There were 1,434,000 Initial Claims for unemployment benefits in the US during the week ending July 25th, the data published by the US Department of Labor (DOL) revealed on Thursday.

This reading followed the previous week’s print of 1,422,000 (revised from 1,416,000) and came in slightly better than the market expectation of 1,450,000.

Market reaction

This data doesn’t seem to be having a significant impact on the USD’s performance against its rivals. As of writing, the US Dollar Index was up 0.29% on the day at 93.53.

Additional takeaways

“The 4-week moving average was 1,368,500, an increase of 6,500 from the previous week’s revised average.”

“The advance seasonally adjusted insured unemployment rate was 11.6% for the week ending July 18, an increase of 0.5 percentage point from the previous week’s unrevised rate.”

“The advance number for seasonally adjusted insured unemployment during the week ending July 18 was 17,018,000, an increase of 867,000 from the previous week’s revised level.”