US Unemployment Claims Climb for First Time in Four Weeks

Source: US Labor Department

American jobless claims increased by 23,000, marking the first increase in four weeks. DXY is up 0.08%, while Gold is up 1.40%.

• Seasonally adjusted initial claims for the week ending February 12 grew to 248,000 from the previous week’s upward revised level of 225,000.
• This is the first growth recorded in four weeks since unemployment claims grew in mid-January.
• The four-week moving average slipped by 10,500 to 243,250 from the previous week’s revised upward revised average of 253,750.
• The insured unemployment rate for the week ending February 5 clocked in at 1.2%, unchanged from the past week.
• Insured unemployment declined by 26,000 to 1.593 million from the previous week’s downward revised level of 1.619 million.
• The four-week moving average came in at 1.626 million, reflecting a 7,750 drop from the previous week’s downward revised average of 1.634 million.
• The largest increases for the week were recorded in Michigan, New Jersey, Kansas, Delaware, and Maryland.
• The steepest declines were in California, Kentucky, Tennessee, Illinois, and Indiana.