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US initial jobless claims rise more than expected

FXStreet (Mumbai) - The labor department data in the US showed on Thursday that the initial jobless claims ticked up 1K to 295K in the week that ended April 18, beating the estimate of 290K.

Despite printing higher-than-expected, the initial jobless claims stayed below 300K for the seventh straight week.

The four-week moving average of claims, which provides a more accurate picture of the labor market strength, rose by 1,750 to 284,500. Meanwhile, the continuing claims rose 50K to 2.33 million in the week that ended April 11. The four-week average for the continuing claims dropped 22K to 2.31 million, the lowest level since December 2000.

United States Continuing Jobless Claims registered at 2.325M above expectations (2.3M) in April 10

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EUR/USD off highs post-US data

EUR/USD remains trading in the upper bound of the daily range around 1.0760/65 following the releases in the US calendar...
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