Forex Market analysis, news, live quotes, currency rates, charts, free information for currency trading. Financial links and websites.
 
  Home
    HY Markets FxPro GFX Group SA dbFX MF Global western capital forex sa LiteForex
 

 
US Key Economic Indicators
 
   

Initial Jobless Claims

Importance (A-F): This release merits a C+.
  • Source: The Employment and Training Administration of the Department of Labor.
  • Release Time: 8:30 ET each Thursday (data for week ended prior Saturday).
  • Raw Data Available At: http://www.dol.gov/dol/opa/public/media/press/eta/main.htm
  • Initial jobless claims measure the number of filings for state jobless benefits. This report provides a timely, but often misleading, indicator of the direction of the economy, with increases (decreases) in claims potential signalling slowing (accelerating) job growth. On a week-to-week basis, claims are quite volatile, and many analysts therefore track a four week moving average to get a better sense of the underlying trend. It typically takes a sustained move of at least 30K in claims to signal a meaningful change in job growth.

    There are two other statistics in this report -- the number of people receiving state benefits and the insured unemployment rate; neither is watched closely by the market. Some analysts track the number of people receiving state benefits from month to month as a guide for job growth, though this series has a poor track record in predicting the monthly employment report. The insured unemployment rate changes little on a weekly basis and is never a factor for the market.

    Top ↑ ]