Yesterday at 9:27 AM | Dollar

US unemployment benefit applications drop to two-month low

US unemployment benefit applications drop to two-month low

Initial applications for US unemployment benefits fell by 9,000 to 215,000 for the week ended April 12, reaching a two-month low. This level was below economists' forecasts of 225,000, according to Bloomberg data.

However, initial claims filed by federal employees increased during the same period, rising to 629 from 542 the previous week. Virginia, California, and Texas reported the highest number of new federal claims.

Despite the weekly fluctuation, overall jobless claims remain largely consistent with levels seen around the same time last year.

In recent remarks, Federal Reserve Chairman Jerome Powell characterized the labor market as being in “solid condition,” observing that stable employment indicators suggest firms have avoided major layoffs even amid economic uncertainties, including potential tariff effects.

Period: 22.04.2025 Expectation: 800 pips
USDCAD to rise from new support at 1.38200
Yesterday at 11:39 AM 26
Period: 26.04.2025 Expectation: 3909 pips
GBPUSD technical correction opens up selling opportunities with 1.288 target
Yesterday at 11:13 AM 21
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva

Listed among the best MarketCheese authors
1st in the segment "Metals"
Period: 24.04.2025 Expectation: 150 pips
Brent crude poised to rebound to $69
Yesterday at 10:55 AM 24
Period: 22.04.2025 Expectation: 1495 pips
AUDCAD set to enter fifth wave of growth
Yesterday at 08:29 AM 33
Period: 23.04.2025 Expectation: 2500 pips
Rebound to 145 could interrupt USDJPY decline
17 April 2025 66
AntonVolkov
AntonVolkov

Listed among the best MarketCheese authors
1st in the segment "Currencies"
Period: 21.04.2025 Expectation: 600 pips
AUDUSD rebounds from 0.64000 resistance level
17 April 2025 37
Go to forecasts