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The US posted total jobless claims of 223,000 in the week that ended February 5, down by 16,000 from the previous week. SPY is down -0.46%, DXY is up +0.16%.
Source: Department of Labor
US Initial Claims
On a four-week moving average, jobless claims fell by 2,000 to 253,250.
The continuing claims remained unchanged at 1.621 million from the previous week. On a four-week moving average, continuing claims increased by 16,500 to 1.635 million.
The initial claims under various state programs declined by 11.1% or 28,674 to 228,909. The decline was higher than expected fall of 5.2% or 13,497.
The continuing claims under various state programs were 2.001 million, 1.7% or 33,761 below the previous week. The decline was slightly higher than expected fall of 1.6% or 32,877.
Initial claims rose the highest in Pennsylvania, Georgia, Michigan, Indiana, and Texas. The declines were noted the highest in Ohio, California, Kentucky, Utah, and Alabama.
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