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 September 9 rose by 11,000 to a seasonally adjusted 428,000, confounding expectations for a decline to 410,000.
The previous week’s figure was revised up to 417,000 from 414,000.
Continuing jobless claims in the week ended September 3 fell to 3.726 million from a revised 3.738 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 remained lower against the euro, with EUR/USD gaining 0.3% to trade at 1.3796.
Meanwhile, U.S. stock index futures pared gains following the data.
The Dow Jones Industrial Average futures indicated a modest increased of 0.3%, S&P 500 futures edged 0.25% higher, while the Nasdaq 100 futures added 0.45%.
In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending September 9 rose by 11,000 to a seasonally adjusted 428,000, confounding expectations for a decline to 410,000.
The previous week’s figure was revised up to 417,000 from 414,000.
Continuing jobless claims in the week ended September 3 fell to 3.726 million from a revised 3.738 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 remained lower against the euro, with EUR/USD gaining 0.3% to trade at 1.3796.
Meanwhile, U.S. stock index futures pared gains following the data.
The Dow Jones Industrial Average futures indicated a modest increased of 0.3%, S&P 500 futures edged 0.25% higher, while the Nasdaq 100 futures added 0.45%.