Jobless Claims, Initial Claims USD
Published on a weekly basis (every Thursday usually) the unemployment claims announcement measures the number of people
that filled out unemployment forms for the very first time in the past week.
The lower the number, the better it is for the US currency, once the number gets higher than the forecast the currency will suffer a negative effect. Also known as one of the first economic indicators, the base of the US economy is the man power (like every other economy).
No jobs means – less income and more money spend on employment insurance. Understanding this announcement is more important than to trade it. It is an indicator for future bigger announcements.
