Unemployment Claims 14/4/2022
This article includes an explanation of unemployment claims rates, their impact on financial markets, expectations for today's data, and a review of previous data
The Unemployment Claims rates determine the amount of individuals claiming unemployment insurance for the first time during the past week. This weekly indicator provides very timely data, but traders see unemployment as a slowing indicator that gives little indication of the future performance of the economy. A downward trend has a positive effect on a country's currency, as workers tend to spend more money, and consumption makes up a large part of GDP.
The number of Americans filing new claims for unemployment benefits fell by 5,000 to 166,000 in the week to April 2, returning to levels not seen since 1968. The numbers came in well below market expectations of 200,000, in another sign of the market narrow work. Strong demand for labor. The Ministry of Labor revised the methodology used for the seasonal adjustment of national initial claims and continuation of claims to reflect the change in estimating models. On a seasonally unadjusted basis, initial claims declined 3,674 from the previous week to 193,137, with notable declines being reported in Michigan (-2,599), Texas (-2,569) and New Jersey (-1,412). The 4-week moving average that removes weekly volatility was 170,000, down 8,000 from the previous week's revised average.
Estimate for today's data is 172 thousand
In the event that the current release was less than expected, this is an indication of the lack of unemployment complaints, which affects the currency in a positive way and vice versa
The statement will be issued at 3:30 pm Beirut time
Tags : USD