US: Initial Jobless Claims rose to 222K last week

• Initial Jobless Claims ticked higher to 222K.
• Continuing Jobless Claims dropped to 1.841M.

US citizens filing new applications for unemployment insurance increased to 222K for the week ending April 19, as reported by the US Department of Labor (DOL) on Thursday. This print came in just above initial estimates and was higher than the previous week's revised tally of 216K (revised from 215K).

The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average decreased by 750 to 220.25K from the prior week’s revised average.

Moreover, Continuing Jobless Claims went down by 37K to reach 1.841M for the week ending April 12.

Market reaction

The Greenback keeps its downside momentum in place on Thursday, hovering around the 99.40 zone amid a correction from two consecutive days of gains.