Investing.com – The number of people who filed for unemployment assistance in the U.S. last week rose unexpectedly, 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 April 9 rose to a seasonally adjusted 412K, up from 385K in the preceding week, whose figure was revised up from 382K.
Analysts had expected initial jobless claims to fall to 380K.
The report showed that continuing jobless claims in the week ended April 2 rose unexpectedly, climbing to 3.738 million, up from a revised 3.723 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 shedding 0.19% to hit 1.4416.
Meanwhile, the outlook for U.S. equity markets was downbeat. The Dow Jones Industrial Average futures pointed to a loss of 0.41%, S&P 500 futures indicated a drop of 0.57%, while the Nasdaq 100 futures pointed to a decline of 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 April 9 rose to a seasonally adjusted 412K, up from 385K in the preceding week, whose figure was revised up from 382K.
Analysts had expected initial jobless claims to fall to 380K.
The report showed that continuing jobless claims in the week ended April 2 rose unexpectedly, climbing to 3.738 million, up from a revised 3.723 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 shedding 0.19% to hit 1.4416.
Meanwhile, the outlook for U.S. equity markets was downbeat. The Dow Jones Industrial Average futures pointed to a loss of 0.41%, S&P 500 futures indicated a drop of 0.57%, while the Nasdaq 100 futures pointed to a decline of 0.65%.