Investing.com – The number of people who filed for unemployment assistance in the U.S. last week fell less-than-expected, official data showed on Thursday.
In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending March 25 fell to a seasonally adjusted 388K, down from 394K in the preceding week, whose figure was revised up from 382K.
Analysts had expected initial jobless claims to fall to 380K.
The report showed that continuing jobless claims in the week ended March 19 fell less-than-expected, dropping to 3.714 million, down from 3.765 million in the preceding week, whose figure was revised up from 3.721 million.
Analysts had expected continuing jobless claims to fall to 3.700 million.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.51% to hit 1.4199.
Meanwhile, the outlook for U.S. equity markets was downbeat. The Dow Jones Industrial Average futures indicated a loss of 0.1%, S&P 500 futures pointed to a decline of 0.17%, while the Nasdaq 100 futures shed 0.13%.
In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending March 25 fell to a seasonally adjusted 388K, down from 394K in the preceding week, whose figure was revised up from 382K.
Analysts had expected initial jobless claims to fall to 380K.
The report showed that continuing jobless claims in the week ended March 19 fell less-than-expected, dropping to 3.714 million, down from 3.765 million in the preceding week, whose figure was revised up from 3.721 million.
Analysts had expected continuing jobless claims to fall to 3.700 million.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.51% to hit 1.4199.
Meanwhile, the outlook for U.S. equity markets was downbeat. The Dow Jones Industrial Average futures indicated a loss of 0.1%, S&P 500 futures pointed to a decline of 0.17%, while the Nasdaq 100 futures shed 0.13%.