The number of Americans filling for unemployment benefits was 0.965 million in the week ended January 9th, compared to 0.787 million reported in the previous week. Today’s reading came in above market expectations of 0.780 million. Claims are far from the 200 thousand level reported back in February and will likely remain elevated for some time as the pandemic is far from controlled although vaccination has already started.
Continuing claims reading, which lags initial jobless claims data by one week, reached 5.271 million, while analysts expected a drop to 5.061 million. Today’s reading still remains much above the 1.7 million average reported before the pandemic.
Initial claims rose the highest number since mid August. Source: Macrobond, XTB
EURUSD fell slightly after today's data releases and is heading towards the next support level at 1.2107. Source:xStation5