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 April 16 fell by 13,000 to a seasonally adjusted 403K, down from 416K in the preceding week, whose figure was revised up from 412K.
Analysts had expected initial jobless claims to fall to 390K.
The report showed that continuing jobless claims in the week ended April 9 fell less-than-expected, declining to 3.695 million, down from a revised 3.702 million in the preceding week. Analysts had expected continuing jobless claims to fall to 3.650 million.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.44% to hit 1.4586.
Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow Jones Industrial Average futures pointed to a rise of 0.2%, S&P 500 futures indicated a rise of 0.32%, while the Nasdaq 100 futures pointed to a increase of 0.85%.
In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending April 16 fell by 13,000 to a seasonally adjusted 403K, down from 416K in the preceding week, whose figure was revised up from 412K.
Analysts had expected initial jobless claims to fall to 390K.
The report showed that continuing jobless claims in the week ended April 9 fell less-than-expected, declining to 3.695 million, down from a revised 3.702 million in the preceding week. Analysts had expected continuing jobless claims to fall to 3.650 million.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.44% to hit 1.4586.
Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow Jones Industrial Average futures pointed to a rise of 0.2%, S&P 500 futures indicated a rise of 0.32%, while the Nasdaq 100 futures pointed to a increase of 0.85%.