U.S. jobless claims data point to stability in labor markets
Source: FxWire Pro - Commentary / 16 Aug 2018 14:34:45 America/New_York
Jobless claims in the U.S. stay stable. In the week ended 11 August, the initial jobless claims dropped 2k to 212k, while the four-week moving average rose 1k higher to 215k. Continuing claims for the week ended 4 August dropped 39k, reversing the earlier week’s 34k rise, leaving continuing claims at 1.721 million, about unchanged from the mid-July level, noted Barclays in a research report.
The four-week moving average in continuing claims also fell on the week, to 1.739 million from 1.747 million. In all, the initial and continuing claims data indicate towards stability in labor markets at a sound level of labor market conditions. The separation side of the labor market continues to be weak and initial claims continue to be close to recovery-level lows.
At 18:00 GMT the FxWirePro's Hourly Strength Index of US Dollar was bullish at 94.5448. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex© FxWire Pro 2019. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.