The number of Americans filing for unemployment benefits was 0.744 million in the week ended April 3rd, compared to 0.719 million rise reported in the previous week. Today’s reading came in above market expectations of 0.680 million. Claims are still far from the 200 thousand level reported back in February.
Continuing claims reading, which lags initial jobless claims data by one week, dropped to 3.734 million, while analysts expected decrease to 3.65 million. Today’s reading still remains much above the 1.7 million average reported before the pandemic.EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1880 level. Source: xStation5