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 May 21 rose by 10K to a seasonally adjusted 424K, up from 414K in the preceding week, whose figure was revised up from 409K.
Analysts had expected initial jobless claims to fall to 400K.
The report showed that continuing jobless claims in the week ended May 14 fell more-than-expected, declining to 3.690 million, down from a revised 3.736 million in the preceding week. Analysts had expected continuing jobless claims to decline to 3.700 million.
Following the release of the data the U.S. dollar was down against the euro, with EUR/USD climbing 0.65% to hit 1.4181.
Meanwhile, U.S. stock index futures pared gains. The Dow Jones Industrial Average futures pointed to a rise of 0.1%, S&P 500 futures indicated an increase of 0.08%, while the Nasdaq 100 futures dipped 0.08%.
In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending May 21 rose by 10K to a seasonally adjusted 424K, up from 414K in the preceding week, whose figure was revised up from 409K.
Analysts had expected initial jobless claims to fall to 400K.
The report showed that continuing jobless claims in the week ended May 14 fell more-than-expected, declining to 3.690 million, down from a revised 3.736 million in the preceding week. Analysts had expected continuing jobless claims to decline to 3.700 million.
Following the release of the data the U.S. dollar was down against the euro, with EUR/USD climbing 0.65% to hit 1.4181.
Meanwhile, U.S. stock index futures pared gains. The Dow Jones Industrial Average futures pointed to a rise of 0.1%, S&P 500 futures indicated an increase of 0.08%, while the Nasdaq 100 futures dipped 0.08%.