The number of Americans filling for unemployment benefits was 0.326million in the week ended October 2, compared to 0.362 million reported in the previous week. Today’s reading came below market expectations of 0.348 million.
Continuing claims reading, which lags initial jobless claims data by one week, dropped to 2.714 million from 2.802 a week before, while analysts expected a decrease to 2.780 million.
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Open account Try demo Download mobile app Download mobile appThe number of claims moved towards a pandemic low of 312 thousand reached in early September, as the job market continued to show signs of recovery and as impacts related to Hurricane Ida and the Delta variant's summer spike started to fade, according to U.S. Department of Labor.
EURUSD fell slightly after today's data release and is testing 50 SMA (green line). Should break lower occur, downward move may accelerate towards support at 1.1530. Source:xStation5
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