The number of Americans who applied for unemployment benefits last week rose to 239 000.
Economists surveyed by Bloomberg had expected that this figure would rise to 245 000.
Applications are kept below the key level of 300 000 for already 102 consecutive week, the longest period since 1970.
Four-week average, smoothing out fluctuations in weekly data and giving a better notion about the main trends in the labor market of the United States, amounted to 245.250, the Labor Department said on Thursday.
Repeated applications, reflecting the number of those who are already receiving benefits, fell by 3 000 to 2.08 million for the week ending February 4.
Why is the dollar becoming a problem?
In trade-weighted terms, the dollar has appreciated by 20-25% over the last year, and added 40% to a minimum of 2011.
Goldman Sachs Asset Management experts believe that the currency is overvalued.
The recent rise of the dollar was caused by expectations as for new president’s policies.
Promised tax cuts, fiscal stimulus and rising infrastructure spending could push the Fed to continue tightening monetary policy, which will contribute to the growth of the dollar.
Global central banks, meanwhile, continue to carry out the program of quantitative easing, printing money to revive the economic growth that devalue their currencies against the dollar.
A stronger dollar makes imports cheaper for American consumers, but exports become more expensive, which makes multinational corporations suffer. In this case, the trade deficit increases.
Strong dollar also affects the investors, who own bonds denominated in the US currency. After the crisis, low interest rates have forced pension funds to seek yields abroad. With the strengthening of the dollar, it becomes more difficult to service this debt.
According to Donald Trump, a stronger dollar reduces the competitiveness of the US exports in comparison to the Chinese.
A strong dollar entails negative short-term effects on the economy, despite the fact that is a sign of growth of investment activity in the United States.
According to Dubravko Lakos-Bujas, the head of JPMorgan strategic units, 60% of the world economy are tied to the dollar, so it will feel further pressure on itself.