The number of Americans filing for unemployment benefits jumped to 196k in the week ending February 4th, from the previous week's nine-month low of 183k and beating market estimates of 190k. Still, the latest figure suggested the labor market remained tight, which could contribute further to inflationary pressure in the USeconomy.
The 4-week moving average, which removes week-to-week volatility, declined to 189.25k from 191.75k.
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Create account Try a demo Download mobile app Download mobile appContinuing Jobless Claims rose to a five week high of 1688k in the week ending January 28 from 1650k in the previous week, above analysts projections of 1658k.
Initial and Continuing jobless claims increased last week, although the main trend remains bearish despite recent layoffs. Source: Bloomberg via ZeroHedge
EURUSD saw a relatively small reaction to fresh claims figures and continues to trade near resistance at 1.0770. Source: xStation5
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