Investing.com – The number of people who filed for unemployment assistance in the U.S. last week fell 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 October 29 fell by 9,000 to a seasonally adjusted 397,000, beating expectations for a decline to 400,000.
The previous week’s figure was revised up to 406,000 from 402,000.
Continuing jobless claims in the week ended October 22 fell to 3.683 million from a revised 3.698 million in the preceding week. Analysts had expected continuing jobless claims to fall to 3.640 million.
Following the release of the data the U.S. dollar remained lower against the euro, with EUR/USD gaining 0.34% to hit 1.3795.
Meanwhile, U.S. stock index futures added to gains following the data.
The Dow Jones Industrial Average futures pointed to a gain of 0.6%, S&P 500 futures indicated an increase of 0.7%, while the Nasdaq 100 futures advanced 0.3%.
In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending October 29 fell by 9,000 to a seasonally adjusted 397,000, beating expectations for a decline to 400,000.
The previous week’s figure was revised up to 406,000 from 402,000.
Continuing jobless claims in the week ended October 22 fell to 3.683 million from a revised 3.698 million in the preceding week. Analysts had expected continuing jobless claims to fall to 3.640 million.
Following the release of the data the U.S. dollar remained lower against the euro, with EUR/USD gaining 0.34% to hit 1.3795.
Meanwhile, U.S. stock index futures added to gains following the data.
The Dow Jones Industrial Average futures pointed to a gain of 0.6%, S&P 500 futures indicated an increase of 0.7%, while the Nasdaq 100 futures advanced 0.3%.