According to a report from the US Department of Labor (DOL) released on Thursday, the number of Americans filing new applications for unemployment insurance rose to 208,000 for the week ending January 3. This latest figure was lower than the initial estimate (210,000) and higher than the previous week's figure of 200,000 (revised from 199,000).
Furthermore, the 4-week moving average decreased by 7.25,000, bringing the total to 211.75,000 from the previous week's revised average.
The report showed a seasonally adjusted insured unemployment rate of 1.2%, with Continuing Jobless Claims increasing by 56,000 to 1.914 million for the week ending December 27. (alg)
Source: FXstreet
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