US: Initial Jobless Claims increased below estimates last week

• Initial Jobless Claims rose by 212K vs. the previous week.
• Continuing Jobless Claims rose by around 1.812M.

US citizens that applied for unemployment insurance benefits increased by 212K in the week ending April 13 according to the US Department of Labor (DoL) on Thursday. The prints came in a tad below initial consensus (215K) and matched the previous weekly gain (212K revised from 211K).

Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average stood at 214.50, unchanged from the previous week's revised average.

In addition, Continuing Claims increased by 2K to 1.812M in the week ended April 6.

Market reaction

The US Dollar Index (DXY) clings to its daily gains around the 106.00 neighbourhood in the wake of the release.