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 May 28 fell by 6K to a seasonally adjusted 422K, down from 428K in the preceding week, whose figure was revised up from 424K.
Analysts had expected initial jobless claims to fall by 10K to 420K.
The report showed that continuing jobless claims in the week ended May 21 fell less-than-expected, decreasing to 3.711 million from a revised 3.712 million in the preceding week. Analysts had expected continuing jobless claims to fall to 3.680 million.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD climbing 0.94% to hit 1.4467.
Meanwhile, the outlook for U.S. equity markets was modestly upbeat. The Dow Jones Industrial Average futures pointed to a gain of 0.1%, S&P 500 futures indicated an increase of 0.2%, while the Nasdaq 100 futures added 0.25%.
In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending May 28 fell by 6K to a seasonally adjusted 422K, down from 428K in the preceding week, whose figure was revised up from 424K.
Analysts had expected initial jobless claims to fall by 10K to 420K.
The report showed that continuing jobless claims in the week ended May 21 fell less-than-expected, decreasing to 3.711 million from a revised 3.712 million in the preceding week. Analysts had expected continuing jobless claims to fall to 3.680 million.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD climbing 0.94% to hit 1.4467.
Meanwhile, the outlook for U.S. equity markets was modestly upbeat. The Dow Jones Industrial Average futures pointed to a gain of 0.1%, S&P 500 futures indicated an increase of 0.2%, while the Nasdaq 100 futures added 0.25%.