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 October 22 fell by 2,000 to a seasonally adjusted 402,000, short of expectations for a decline to 400,000.
The previous week’s figure was revised up to 404,000 from 403,000.
Continuing jobless claims in the week ended October 15 fell to 3.645 million from a revised 3.741 million in the preceding week. Analysts had expected continuing jobless claims to fall to 3.690 million.
Following the release of the data the U.S. dollar remained lower against the euro, with EUR/USD surging 1.15% to trade at 1.4067.
Meanwhile, U.S. stock index futures added to sharp gains following the data.
The Dow Jones Industrial Average futures indicated an increase of 1.9%, S&P 500 futures rallied 2.4%, while the Nasdaq 100 futures surged 2%.
In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending October 22 fell by 2,000 to a seasonally adjusted 402,000, short of expectations for a decline to 400,000.
The previous week’s figure was revised up to 404,000 from 403,000.
Continuing jobless claims in the week ended October 15 fell to 3.645 million from a revised 3.741 million in the preceding week. Analysts had expected continuing jobless claims to fall to 3.690 million.
Following the release of the data the U.S. dollar remained lower against the euro, with EUR/USD surging 1.15% to trade at 1.4067.
Meanwhile, U.S. stock index futures added to sharp gains following the data.
The Dow Jones Industrial Average futures indicated an increase of 1.9%, S&P 500 futures rallied 2.4%, while the Nasdaq 100 futures surged 2%.