US: Weekly Initial Jobless Claims rise to 228K vs. 225K expected

• Initial Jobless Claims in the US rose by 9,000 in the week ending October 8.
• US Dollar Index stays in positive territory above 113.50 after the data.

There were 228,000 initial jobless claims in the week ending October 8, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 219,000 and came in slightly worse than the market expectation of 225,000.

Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1% and the 4-week moving average was 211,500, an increase of 5,000 from the previous week's unrevised average.

"The advance number for seasonally adjusted insured unemployment during the week ending October 1 was 1,368,000, an increase of 3,000 from the previous week's revised level," the DOL further reported.

Market reaction

Boosted by the hot September inflation data, the US Dollar Index was last seen rising 0.5% on the day at 113.80.