Weekly Unemployment Claims is a report issued by the U.S. Department of Labor on a weekly basis. The employment situation is extremely important for a macroeconomic analysis, so the financial markets track employment indicators. This report tracks how many new people have filed for unemployment benefits in the previous week. It is a good gauge of the U.S. job market. For instance, when more people file for unemployment benefits, fewer people have jobs, and vice versa. Investors can use this report to gather pertinent information about the economy. Initial jobless claims measure emerging unemployment, and it is released after one week.
Trading event
US Weekly Unemployment Claims
Today 12:30 GMT
Investor Notes:
- Weekly Unemployment Claims are expected to drop by 5K Claims.
- The last 10 weeks, unemployment claims averaged at 275.5K Claims.
- The US unemployment rate dropped to an 8 year low of 5.1% last month.
