• Initial Jobless Claims in the US rise by 2,000 in the week ending May 27.
• Continuing Jobless Claims increase by 6,000 in the week ending May 20.
• US Dollar Index trims losses after ADP, losses momentum after Unit Labor Costs report. 

Initial Jobless claims totaled 232,000 in the week ending May 27, the weekly data published by the US Department of Labor (DOL) showed on Thursday. The print follows the previous week's 230,000 and came in below market expectations of 235,000. It is the highest reading in four weeks. 

“The 4-week moving average was 229,500, a decrease of 2,500 from the previous week's revised average”, the DOL added in its press release. 

“The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending May 20, unchanged from the previous week’s unrevised rate”.  Continuing Claims advanced by 6,000 in the week ended May 20 to 1.795 million, below the 1.8 million of market consensus.