The number of initial jobless claims in the United States declined to 227,000 in the week ending August 10, down by 7,000 from the previous week's revised figure of 234,000, according to the latest data released by the US Department of Labor (DOL) on Thursday. This figure came in better than the market expectation of 235,000, signaling a slight improvement in the labor market.
Additional details from the report showed that the advance seasonally adjusted insured unemployment rate remained steady at 1.2%, while the 4-week moving average fell to 236,500, a decrease of 4,500 from the previous week's unrevised average.
The US Dollar reacted positively to the report, with the US Dollar Index rebounding toward 103.00, gaining 0.4% on the day.
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