US Jobless Claims Down for Second Straight Week

Source: US Labor Department

Unemployment claims in the United States declined for the second consecutive week after three straight weeks of increases. DXY is down 0.37%, while Gold is down 0.15%.

• Seasonally adjusted initial claims for the week ending January 29 fell by 23,000 to 238,000 from the previous week’s upward revised level of 261,000.
• The four-week moving average climbed by 7,750 to 255,000 from the previous week’s upward revised level of 247,250.
• The insured unemployment rate for the week ending January 22 stood at 1.2%, unchanged from the previous week.
• Insured unemployment for the week fell by 44,000 to 1.628 million from the previous week’s downward revised level of 1.672 million.
• The four-week moving average declined by 31,250 to 1.619 million from 1.651 million, the lowest level since August 4, 1973’s 1.608 million.
• The only increase for the week was seen in Alabama, while the biggest declines were in California, Pennsylvania, New York, New Jersey, and Kentucky.