Investing.com – The number of people who filed for unemployment assistance in the U.S. last week declined more-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 July 1 declined by 14K to a seasonally adjusted 418K, outstripping expectations for a decline to 420K.
The previous week’s figure was revised up to 432K from 428K.
Continuing jobless claims in the week ended June 24 fell to 3.681 million from a revised 3.724 million in the preceding week. Analysts had expected continuing jobless claims to fall to 3.700 million.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD slumping 0.5% to trade at 1.4247.
Meanwhile, U.S. stock index futures added to gains after the release of the data.
The Dow Jones Industrial Average futures indicated a rise of 0.6%, S&P 500 futures pointed to an increase of 0.8%, while the Nasdaq 100 futures climbed 0.65%.
In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending July 1 declined by 14K to a seasonally adjusted 418K, outstripping expectations for a decline to 420K.
The previous week’s figure was revised up to 432K from 428K.
Continuing jobless claims in the week ended June 24 fell to 3.681 million from a revised 3.724 million in the preceding week. Analysts had expected continuing jobless claims to fall to 3.700 million.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD slumping 0.5% to trade at 1.4247.
Meanwhile, U.S. stock index futures added to gains after the release of the data.
The Dow Jones Industrial Average futures indicated a rise of 0.6%, S&P 500 futures pointed to an increase of 0.8%, while the Nasdaq 100 futures climbed 0.65%.