Jobless claims for the week ending May 25 rose by 3,000 to 219,000, up from 216,000 the week before, the Labor Department reported Thursday.
US employers hired more workers than expected in December while raising wages at a solid clip, which prompted markets to dial back expectations the US central bank would start cutting interest rates in March.
Initial jobless claims rose by 28,000 to 261,000 in the week ended June 3, which included the Memorial Day holiday, a Labor Department report showed Thursday. The increase was the biggest since July 2021.
The U.S. dollar climbed more than 1.0 percent against the yen and global equity markets surged on Friday, boosted by a U.S. labor report showing stronger-than-expected jobs growth in April.
The S&P 500 and Dow industrials hit intraday record highs on Friday and the benchmark S&P traded above 1,600 after U.S. employment rose more than expected in April.
Indian gold hit the Rs 30,000 mark on Monday, following firm global markets, while a stronger rupee kept the upside limited, with traders unwilling to book deals near the keenly-watched level.
World stocks and the euro were higher midsession on Friday after stronger-than-expected U.S. employment data eased fears of another global recession.
In an interview with CNBC-TV18, Christopher Palmer of Henderson Global Investors said the credit ratings downgrade of 21 banks by Moody's Investors Service is more like housekeeping.
US crude fell below USD 83 on Friday, heading for its biggest weekly drop since early May, as fears of a global economic slowdown drive investors to exit commodities.
Crude oil prices fell by more than a dollar on Monday as worries about the widening eurozone debt crisis and a drop in Chinese crude imports rekindled worries about a demand slowdown.
World stocks and the US dollar fell on Friday as oil prices rose on escalating violence in Libya, overshadowing a US jobs report that showed the economic recovery shifting up a gear.
Oil rebounded on Friday, with Brent sttill above USD 102, with the focus on Egypt's volatile situation ahead of Friday prayers, and US employment data that will give direction to prices later in the day.