The U.S. Department of Labor (DOL) reported on Thursday that initial jobless claims decreased to 208,000 for the week ending July 11, surpassing the prior estimate of 217,000 and falling short of the previous week’s revised total of 216,000. This decline signals continued labor market resilience amid broader economic dynamics.
The four-week moving average also improved, decreasing by 4,750 to 214,250 from the revised 219,000 figure reported the prior week, marking a sustained downward trend in new unemployment filings.
In parallel, continuing jobless claims—the number of individuals receiving ongoing unemployment benefits—declined by 16,000 to 1.805 million for the week ending July 4, reflecting a gradual easing in extended joblessness.
Market Reaction
The U.S. Dollar Index (DXY) climbed to 100.60 as the greenback strengthened, reversing two consecutive daily pullbacks and underscoring heightened demand for safe-haven assets amid the improved labor data.
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