(Department of Labor) US jobless claims rose by 23,000 in the week that ended February 12 to 248,000. The claims were above estimates of 219,000.
On a four-week moving average, jobless claims fell by 10,500 to 243,250.
The continuing claims declined by 26,000 to 1.593 million. The claims were down by 7,750 to 1.63 million on a four-week moving average.
The initial claims under various state programs increased by 7,742 or 3.4% to 238,482. The increase was contrary to the expected decline of 14,676 or 6.4%.
The continuing claims under state programs fell 1.2% or 24,033 to 1.975 million. The claims were expected to increase by 0.1% or 1,997 from the previous week.
Initial claims rose the highest in Michigan, New Jersey, Kansas, Delaware, and Maryland. The largest declines were recorded in California, Kentucky, Tennessee, Illinois, and Indiana.
SPY is down -0.63%, DXY is up +0.01%.
