(Sharecast News) - Weekly jobless data in the States surprised to the downside with both initial and secondary claims retreating, alongside downwards revisions to the figures for the preceding week.
According to the Department of Labor, initial jobless claims for the week ending on 17 October dropped by 55,000 to reach 787,000 (consensus: 885,000).
That was on top of a downward revision of 56,000 to the reading for the prior week to 898,000.
The four-week moving average also dropped, by 21,500 to 811,250.
Secondary claims, those which are not being filed for the first time and referencing the week that concluded on 10 October, fell by 1,024m to hit 8,373m.
Here too, claims for the preceding week were revised lower, by a hefty 621,000 to 9.397m.
* Nonfarm payrolls rose by 266,000 jobs vs forecast of 978,000* Dollar down broadly* MSCI EM currency index hits record high* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E (Adds reaction to U.S. jobs data, analysts' comments, updates prices, c...