Initial Claims (Jobless Claims)

A number of people who applied initial jobless claims. The data indicate the number of initial claims applied to the Employment Department for the redundancy award receiving. The data provide up-to-date, but often delusive, indicator of economic tendency. Increase/decrease of those who applied initial claims signals in favor of growth slowdown/acceleration. In this respect the influence on market is low, though some influence on trading behavior is probable in rare cases. Due to the weekly data variability most of analysts prefer monitoring the four-week moving average to get more distinct reading while determining the main market tendency. Usually strong displacement (about 30K) is considered to get significant change of the trend. The steady decrease of initial claims signals economic growth and improvement in the Labor market and causes the dollar growth. The reading above 400 000 signals the problems in the Labor market.

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