US Unemployment Claims Climb to Month-High

Source: Department of Labor

American jobless claims increased for the second consecutive week to hit the highest level in a month. DXY is down 0.44%, while gold is down 1.23%.

• Seasonally adjusted initial claims for the week ending September 18 stood at 351,000. This is the highest since August 21’s 354,000.
• The previous week’s level was revised higher to 332,000, up 3,000 from 335,000.
• The four-week moving average fell 750 to 335,750 from the previous week’s 336,500.
• The advance seasonally adjusted insured unemployment rate for the week ending September 11 increased 0.1 percentage point to 2.1%.
• Insured unemployment stood at 2.845 million, up 131,000 from the previous week’s revised level of 2.714 million.
• The biggest increases were in Louisiana, the District of Columbia, Arizona, Maryland, and Missouri.
• The largest declines were in Illinois, California, Ohio, Texas, and Virginia.