2:08 PM · 16 April 2026

Strong US macro data: jobless claims lower than expected, Philly Fed rises

US Jobless Claims
  • Initial jobless claims: 207K (expected: 213K; previous: 218K)
  • Continuing jobless claims: 1,818K (expected: 1,810K; previous: 1,787K)
  • Philadelphia Fed Manufacturing Index (April): 26.7 (expected: 10.3; previous: 18.1)

US jobless claims are sending very mixed signals. Initial claims came in clearly below expectations, indicating short-term strength in the labor market. However, continuing claims increased again — and above forecasts.

This suggests that the market may be focusing primarily on the short-term resilience of the labor market, maintaining optimism while overlooking a gradual, structural deterioration. These data points are likely to be difficult to interpret for both the Federal Reserve and investors.

At the same time, the Philadelphia Fed Manufacturing Index surprised to the upside. The past few months appear to show a slow but steady improvement in the manufacturing sector. Market reaction remains limited.

EURUSD (M1)


Source: xStation5

26 June 2026, 6:48 PM

Daily Summary: Will the S&P 500 close the week with a loss❓Find out what drove the market today ⬇️

26 June 2026, 5:59 PM

Three Markets to Watch Next Week: EURUSD, Gold, S&P 500 (26.06.2026)

26 June 2026, 5:14 PM

Fed's Kashkari says AI will force a rate hike; EURUSD and USD reverse early moves ❗

26 June 2026, 3:19 PM

University of Michigan sentiments lower than expected

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits