US dollar Higher After Jobless Claims Show Strong Employment

October 25, 2018 Share Print 0

New applications for U.S. unemployment aid rose last week, but the number of Americans receiving benefits fell to more than a 45-year low, pointing to tightening labor market conditions.

Initial claims for state unemployment benefits increased 5,000 to a seasonally adjusted 215,000 for the week ended Oct. 20, the Labor Department said on Thursday. Data for the prior week was unrevised. Claims fell to 202,000 during the week ended Sept. 15, which was the lowest level since November 1969.

Economists polled by Reuters had forecast claims rising to 214,000 in the latest week. The Labor Department said claims for South and North Carolina continued to be affected by Hurricane Florence. Claims for Florida and Georgia were impacted by Hurricane Michael.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.