BREAKING: Jobless claims tick higher, Philly index lower than expectations 📈

1:33 PM 16 May 2024

01:30 PM BST, United States - Employment Data:

  • Initial Jobless Claims: actual 222K; forecast 219K; previous 232K;
  • Jobless Claims 4-Week Avg.: actual 217.75K; previous 215.25K;

01:30 PM BST, United States - Philly Fed for May:

  • Main Index: actual 4.5; forecast 7.7; previous 15.5;
  • Prices Paid: actual 18.70; previous 23.00;
  • New Orders: actual -7.9; previous 12.2;
  • Employment: actual -7.9; previous -10.7;

The latest data from the USA points again to a cooling economy. Jobless Claims came in slightly above expectations and relatively high looking at the average of recent months (except for the reading a week ago). In contrast, the Philly regional index also remained below expectations.

On the dollar, we do not see much change after the publication. At the same time, data from the property market were published, which were much more significant and also performed below expectations.

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