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Unemployment Claims fell to 283,000

Thursday, Feb 19 2015

In the week ending February 14, the advance figure for seasonally adjusted initial claims was 283,000, a decrease of 21,000 from the previous week's unrevised level of 304,000. Analysts were anticipating decrease to 293,000. The 4-week moving average was 283,250, a decrease of 6,500 from the previous week's unrevised average of 289,750.

The advance seasonally adjusted insured unemployment rate was 1.8% for the week ending February 7, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 7 was 2,425,000, an increase of 58,000 from the previous week's revised level.

 

Though data is indicating stability on US labour market, figures were not of major importance to the markets. After it was officially confirmed that Germany has refused Greek six-month extension, euro came under pressure and is currently being traded around 1.1380 level. Sterling is till stable above 1.54 handle, while Aussie is around 0.7780 area. Later today, Philly Fed Manufacturing Index figures will be released.

More in this category: « ECB members saw QE as only available option Philly Fed Manufacturing Index at a one-year low »

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