Unemployment Claims decreased to 275,000
In the week ending September 5, the advance figure for seasonally adjusted initial claims was 275,000, a decrease of 6,000 from the previous week's revised level. Analysts were predicting decline to 279,000. The 4-week moving average was 275,750, an increase of 500 from the previous week's revised average. The previous week's average was revised down by 250 from 275,500 to 275,250.
The advance seasonally adjusted insured unemployment rate was 1.7% for the week ending August 29, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 29 was 2,260,000, an increase of 1,000 from the previous week's revised level. The 4-week moving average was 2,260,250, a decrease of 4,500 from the previous week's revised average.
Data did not have any major impact on the markets. Euro is currently being traded few points below 1.12 handle, Sterling is around 1.54 area, while Aussie is slightly above 0.7070 level.
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