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US jobless claims rise to 898,000

US jobless claims rise to 898,000

The United States announced on Thursday data on unemployment in the past week to witness a higher than predicted claims, which reflected the continued impact of the corona crisis on the employment sector in the United States.

Weekly initial jobless claims during last week reached 898,000, compared to the expectations of 810,000 and the previous reading of 840,000. 

Continuing claims data for the week through October 3 decrease of 10.88 million from a previous of previous 11.183 million. 

Another report from the U.S. showed that Philadelphia Fed manufacturing index for October has increased to 32.3 from a previous of 15, while the expectations indicated a reading of 14.4. 

The dollar index, which measures the performance of the federal currency against a basket of six major currencies, continued to trade higher at 93.76, the highest level in a week.

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