Jobless Claims

Jobless Claims refer to the number of people who file for unemployment benefits after losing their jobs. This economic indicator is released weekly, primarily in the United States. It serves as a real-time snapshot of the labor market’s health. There are two main types: Initial Jobless Claims, which count new applications, and Continuing Claims, which count ongoing recipients.

Traders and economists closely watch jobless claims because rising numbers can signal a weakening economy. It may also indicate a potential slowdown in consumer spending. Conversely, declining claims suggest a strengthening job market and economic growth. Since employment levels are closely tied to central bank policy, jobless claims can also influence expectations around interest rate decisions. This makes it a key data point for financial markets.

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