For the week ending October 26, seasonally adjusted initial jobless claims in the U.S. decreased to 216,000, marking a decline of 12,000 from the previous week’s revised level, which was adjusted up by 1,000 from 227,000 to 228,000.
For the week ending October 26, seasonally adjusted initial jobless claims in the U.S. decreased to 216,000, marking a decline of 12,000 from the previous week’s revised level, which was adjusted up by 1,000 from 227,000 to 228,000. This reduction reflects improving short-term labor market stability.
The 4-week moving average of jobless claims also saw a decrease, falling to 236,500—down by 2,250 from the prior week’s revised average. The previous week’s average was adjusted upward by 250, from 238,500 to 238,750. These figures suggest a moderate easing in unemployment claims as the U.S. labor market stabilizes.
Source: U.S. Department of Labor
After the growth data below expectations from Japan earlier today, the first event to watch will be the Eurogroup meetings. However, the market will mainly focus on the JOLTS Job Openings report, which will be released at 14:00 GMT.
EUR/USD rose on US slowdown concerns and German fiscal reforms, while the yen strengthened past 148.
Detail
Dollar Slips to 4-Month Low as Euro, Yen, and Pound Rally (10 - 14 March)The Dollar Index extended its decline for a fifth consecutive session, reaching 103.7, its lowest level in four months, as tariff uncertainty and economic concerns weighed on sentiment. Traders now focus on the upcoming jobs report for insights into the labor market.
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