Source: Investing.com
“The number of Americans who filed for unemployment insurance for the first time last week, known as initial jobless claims, has seen a significant increase. The actual number of initial jobless claims came in at 240K, marking a substantial rise from the previous week and surpassing the forecasted figure. The forecasted figure for initial jobless claims was set at 229K, indicating that the actual figure exceeded the forecast by 11K. This unexpected rise in jobless claims is a bearish sign for the U.S. dollar, as it suggests that the labor market may be experiencing some turbulence. When compared to the previous week’s figure, the actual number of initial jobless claims has also increased. The previous number was 226K, meaning that there has been an increase of 14K in the number of individuals filing for unemployment insurance for the first time.” (05/29/25)