Investing.com – The number of people who filed for unemployment assistance in the U.S. last week fell to a seven-month low, 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 November 4 fell by 10,000 to a seasonally adjusted 390,000. Analysts had expected jobless claims to hold steady at 400,000.
The previous week’s figure was revised up to 400,000 from 397,000.
Continuing jobless claims in the week ended October 28 fell to 3.615 million from a revised 3.707 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 held on to losses against the euro, with EUR/USD gaining 0.62% to trade at 1.3628.
Meanwhile, U.S. stock index futures added to gains following the data.
The Dow Jones Industrial Average futures indicated a rise of 1.05%, S&P 500 futures rallied 1.4%, while the Nasdaq 100 futures jumped 1.2%.
In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending November 4 fell by 10,000 to a seasonally adjusted 390,000. Analysts had expected jobless claims to hold steady at 400,000.
The previous week’s figure was revised up to 400,000 from 397,000.
Continuing jobless claims in the week ended October 28 fell to 3.615 million from a revised 3.707 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 held on to losses against the euro, with EUR/USD gaining 0.62% to trade at 1.3628.
Meanwhile, U.S. stock index futures added to gains following the data.
The Dow Jones Industrial Average futures indicated a rise of 1.05%, S&P 500 futures rallied 1.4%, while the Nasdaq 100 futures jumped 1.2%.