BREAKING: US jobless claims rise unexpectedly

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The number of Americans filling for unemployment benefits was 0.419 million in the week ended July 17th, compared to 0.360 million rise reported in the previous week. Today’s reading came in above market expectations of 0.350 million.

Continuing claims reading, which lags initial jobless claims data by one week, dropped to 3.236 million, while analysts expected a decrease to 3.1 million. Today’s reading still remain much above the 1.7 million average reported before the pandemic.

US100 saw relatively small reaction to today’s jobless claims data release. Source: xStation5

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