11 May 2023
US: Weekly Initial Jobless Claims jump to 264K, highest level since October 2021
- Initial Jobless Claims in the US advanced by 22,000 in the week ending May 6.
- Continuing Jobless Claims increase by 12,000 in the week ending April 29.
- US Dollar Index drops after economic reports (Jobless Claims and PPI).
Initial Jobless claims totaled 264,000 in the week ending May 6, the weekly data published by the US Department of Labor (DOL) showed on Thursday. The print follows the previous week’s unrevised 242,000 and came in above market expectations of 245,000.
Continuing Claims increased by 12,000 in the week ended April 29 to 1.813 million, below the 1.82 million of market consensus.