Jobless Claims Fall Slightly, Align with Forecasts
The number of Americans filing new claims for unemployment benefits was reported at 226,000 for the week ending June 13, aligning with economists' expectations.
The previous week's figure was revised to 230,000.
Market Reaction
Gold prices traded lower following the release. Spot gold hit a session low of $4,240.07 at 8:00 am ET and last traded at $4,250.42 per ounce, down 0.17%.
Key Data Points
- Initial claims: 226,000 (seasonally adjusted) vs. consensus 225,000
- Previous week (revised): 230,000 from 229,000
- Four-week moving average: 223,250 vs. expectations of 223,000
- Continuing claims (week ending June 6): 1.810 million vs. consensus 1.800 million; prior week revised to 1.786 million