The number of Americans filling for unemployment benefits was 0.745 million in the week ended February 27th, compared to 0.730 million reported in the previous week. Today’s reading came in below market expectations of 0.750 million. Claims are still far from 200 thousand level reported back in February due to slow labor market recovery.
Continuing claims reading, which lags initial jobless claims data by one week, decreased to 4.295 million, while analysts expected decrease to 4.30 million. Today’s reading still remain much above 1.7 million average reported before the pandemic.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
EURUSD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.2040 level. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
