Investing.com – The number of people who filed for unemployment assistance in the U.S. last week rose 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 30 rose to a seasonally adjusted 457K, after falling to 437K in the preceding week, whose figure was revised from 434K.
Analysts had expected initial jobless claims to remain unchanged at 437K in the week ending October 30.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.81% to hit a fresh 10-month high of 1.4246.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures indicated a gain of 0.74%, S&P 500 futures pointed to an increase of 0.78%, while the Nasdaq 100 futures indicated a rise of 0.75%.
In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending October 30 rose to a seasonally adjusted 457K, after falling to 437K in the preceding week, whose figure was revised from 434K.
Analysts had expected initial jobless claims to remain unchanged at 437K in the week ending October 30.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.81% to hit a fresh 10-month high of 1.4246.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures indicated a gain of 0.74%, S&P 500 futures pointed to an increase of 0.78%, while the Nasdaq 100 futures indicated a rise of 0.75%.