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Unemployment Claims

Unemployment claims rates

This article includes an explanation of unemployment claims rates, their impact on financial markets, and expectations for today's data, with a review of previous data

The Unemployment Claims Rate determines the amount of individuals who claimed unemployment insurance for the first time during the past week. This weekly indicator provides very temporary data, but traders see Unemployment as a lagging indicator that gives little indication of the future performance of the economy. The downward trend has a positive effect on the country's currency, as working people tend to spend more money, and consumption makes up a large portion of GDP

The number of Americans filing for unemployment benefits fell by 10,000 from the upwardly revised value for the previous week to 230,000 in the week ending August 19, below market expectations of 240,000. Additionally, continuing claims fell by 9,000 from the previous week's downwardly revised value to 1,702,000 in the week ending August 12, below market estimates of 1,708,000 and close to 6-month lows from July to indicate that job seekers are able to find a job. The findings reinforced evidence that the US labor market remains at historically tight levels, adding room for the Federal Reserve to expand its hawkish momentum to curb inflation. The four-week moving average of initial claims, which removes week-to-week volatility, rose by 2,250 to 236,750. Non-seasonally adjusted claims fell by 15,446 to 198,357 offsetting large declines in Ohio (-5,899), New Jersey (-1,308), and Washington (-1,050). ) the highest in Hawaii (3,679), where businesses have been devastated by wildfire disasters

Expectations for today's statement and how it will affect the currency

The expected result for today's statement is 236 thousand

In the event that the current statement issued a result higher than expected, it negatively affects the currency, and vice versa

The news will be issued at 12:30 (GMT+00:00) UTC

Unemployment Claims



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