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 August 12 rose by 9,000 to a seasonally adjusted 408,000, higher than the expected increase of 400,000.
The previous week’s figure was revised up to 399,000 from 395,000.
Continuing jobless claims in the week ended August 6 rose to 3.702 million from a revised 3.695 million in the preceding week. Analysts had expected continuing jobless claims to rise to 3.700 million.
Following the release of the data the U.S. dollar was up against the euro, with EUR/USD slumping 0.3% to trade at 1.4382.
Meanwhile, U.S. stock index futures added to steep losses following the data.
The Dow Jones Industrial Average futures indicated a drop of 1.9%, S&P 500 futures tumbled 2.3%, while the Nasdaq 100 futures sank 2.25%.
In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending August 12 rose by 9,000 to a seasonally adjusted 408,000, higher than the expected increase of 400,000.
The previous week’s figure was revised up to 399,000 from 395,000.
Continuing jobless claims in the week ended August 6 rose to 3.702 million from a revised 3.695 million in the preceding week. Analysts had expected continuing jobless claims to rise to 3.700 million.
Following the release of the data the U.S. dollar was up against the euro, with EUR/USD slumping 0.3% to trade at 1.4382.
Meanwhile, U.S. stock index futures added to steep losses following the data.
The Dow Jones Industrial Average futures indicated a drop of 1.9%, S&P 500 futures tumbled 2.3%, while the Nasdaq 100 futures sank 2.25%.