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 2 rose by 2,000 to a seasonally adjusted 414,000, confounding expectations for a decline to 405,000.
The previous week’s figure was revised up to 412,000 from 409,000.
Continuing jobless claims in the week ended August 27 fell to 3.717 million from a revised 3.747 million in the preceding week. Analysts had expected continuing jobless claims to fall to 3.705 million.
Following the release of the data the U.S. dollar was higher against the euro, with EUR/USD slumping 0.75% to trade at 1.3991.
Meanwhile, U.S. stock index futures added to losses following the data.
The Dow Jones Industrial Average futures indicated a drop of 0.65%, S&P 500 futures slumped 0.75%, while the Nasdaq 100 futures dropped 0.6%.
In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending September 2 rose by 2,000 to a seasonally adjusted 414,000, confounding expectations for a decline to 405,000.
The previous week’s figure was revised up to 412,000 from 409,000.
Continuing jobless claims in the week ended August 27 fell to 3.717 million from a revised 3.747 million in the preceding week. Analysts had expected continuing jobless claims to fall to 3.705 million.
Following the release of the data the U.S. dollar was higher against the euro, with EUR/USD slumping 0.75% to trade at 1.3991.
Meanwhile, U.S. stock index futures added to losses following the data.
The Dow Jones Industrial Average futures indicated a drop of 0.65%, S&P 500 futures slumped 0.75%, while the Nasdaq 100 futures dropped 0.6%.