New claims for unemployment benefits in the US increased to 243,000 for the week ending July 13, surpassing the forecast of 230,000 and up from the previous week's revised total of 239,000, according to the US Department of Labor on Thursday.
The insured unemployment rate remained at 1.2%, with the 4-week moving average rising by 1,000 to 234,750.
Continuing claims also saw an increase of 20,000, bringing the total to nearly 1.87 million for the week ending July 6.
Market Reaction
The US Dollar Index (DXY) remained relatively stable following the report, maintaining its position around the mid-105.00s. Investors are closely monitoring these labor market trends as they assess potential impacts on Federal Reserve policy decisions.
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