US: Weekly Initial Jobless Claims decline to 222K vs. 240K expected

• Initial Jobless Claims fell by 6,000 in the week ending September 3.
• US Dollar Index clings to small daily gains 109.50.

There were 222,000 initial jobless claims in the week ending September 3, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 228,000 (revised from 232,000) and came in better than the market expectation of 240,000.

Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1% and the 4-week moving average was 233,500, a decrease of 7,500 from the previous week's revised average.

"The advance number for seasonally adjusted insured unemployment during the week ending August 27 was 1,473,000, an increase of 36,000 from the previous week's revised level," the DOL said.

Market reaction

The greenback stays resilient against its major rivals after this data with the US Dollar Index posting small daily gains at 109.60.