Titan FX

Total Initial Unemployment Insurance Claims for the Previous Week in the US

Country:
USDUnited States
Importance:
★★
Data Trends
Loading...
DateValue
ForecastActualDeviation
Market Impact of Economic Indicator Releases
To understand the market impact of economic indicator releases, this metric represents the relative price change over a specific period following the release.
Formula: (Close price N minutes after the release - Open price at the time of the release) / Open price at the time of the release
DateRelated Instruments Price Volatility
1 min later5 min later10 min later15 min later30 min later
About Total Initial Unemployment Insurance Claims for the Previous Week in the US

Initial jobless claims for the previous week refer to the total number of people who filed for unemployment benefits for the first time in the United States during the previous week. This data is released weekly by the U.S. Department of Labor and serves as an important leading indicator of the unemployment rate for the prior week.

This indicator is used to assess the health of the labor market. An increase in the number of claims suggests a rising unemployment rate and a deteriorating labor market. Conversely, a decrease in the number of claims indicates a declining unemployment rate and an improving labor market.

This data helps policymakers evaluate the effectiveness of the unemployment insurance system and formulate appropriate employment policies. Additionally, it is a crucial source of information for businesses and investors to understand labor market trends and forecast economic outlooks.

Start Now!

You can access a variety of trading tools and information.

Open Live AccountDemo Account