• Initial Jobless Claims went up to 200K vs. the previous week.
• Continuing Jobless Claims dropped to 1.697M.

According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance increased to 200K for the week ending November 7. The latest print came in above initial estimates (195K) and was higher than the previous week’s 191K (revised from 189K).

Additionally, the 4-week moving average held steady at 195.25K vs. the previous week’s revised prints.

The report also indicated that Continuing Jobless Claims shrunk by 20K to 1.697M for the week ending October 31.

Market reaction

The Greenback clings to daily gains and motivates the US Dollar Index (DXY) to keep its strong recovery well in place, trading just below the 103.00 barrier in the wake of the release.