Page 28 - Initial Claims News Today

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Applications for U.S. state unemployment insurance fell for a sixth straight week, consistent with further improvement in the labor market and robust economic growth.Initial claims in regular state programs decreased by 9,000 to 376,000 in the week ended June 5, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 370,000 applications

The reading marked a sixth straight decline and set a new pandemic-era low. Continuing claims sank to 3.5 million for the week that ended May 29, landing below estimates. Filings for unemployment insurance fell for a sixth consecutive week as the US economic recovery led fewer businesses to cut staff. Weekly jobless claims totaled an unadjusted 376,000 last week, the Labor Department said Thursday. Economists surveyed by Bloomberg held a median estimate of 370,000 claims. The reading places cla...

What is driving the US Dollar higher?: DXY Joe Perry June 3, 2021 7:59 PM With the possibility of a stronger than expected NFP print for May, the DXY has gone bid on taper hopes. Share: The US Dollar Index (DXY) was on a tear today.  The US session began with the DXY selling off after Russia announced that they were exiting US Dollars from their Soverei...

6/3/2021 9:15:26 AM GMT | By Pablo Piovano EUR/USD fades the initial optimism and recedes below 1.2200. The dollar attempts a recovery ahead of key data releases. Final May EMU Services PMI came in above consensus. The single currency resumes the downside after a positive start of the session and now drags EUR/USD back below the key support at 1.2200 the figure. EUR/USD meets support near the 20-day SMA EUR/USD sheds ground for the third consecutive sess...

Continuing claims, which count Americans receiving unemployment benefits, rose to 3.77 million for the week that ended May 22.

The dollar adds to Tuesday’s gains above 90.00. US 10-year yields stay supported by the 1.60% level. MBA Mortgage Applications, IBD/TIPP Index, API next

The greenback trades without clear direction around the 90.00 neighbourhood when tracked by the US Dollar Index (DXY) at the beginning of the week. US

The greenback struggles for direction and motivates the US Dollar Index (DXY) to challenge the key 90.00 neighbourhood in the second half of the week.

Continuing claims, which track Americans receiving unemployment benefits, dropped to 3.64 million for the week that ended May 15.

5/20/2021 1:49:02 PM GMT | By Pablo Piovano EUR/USD picks-up extra pace beyond 1.2200. The greenback loses further momentum and lifts the pair. US Initial Claims rose by 444K, Philly Index came in at 31.5. The optimism has returned to the single currency and now pushes EUR/USD back above 1.2200 the figure, clinching at the same time new daily highs. EUR/USD in recovery-mode EUR/USD continues to reverse Wednesday’s retracement and it has already regaine...