Today's Numbers Unemployment Claims

2:30pm USD Unemployment Claims 453K 452K




Source Department of Labor (latest release)



Measures The number of individuals who filed for unemployment insurance for the first time during the past week;



Usual Effect Actual < Forecast = Good for currency;



Frequency Released weekly, 5 days after the week ends;



Next Release Nov 4, 2010



FF Notes This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes;



Why Traders

Care Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions;



Also Called Jobless Claims, Initial Claims;
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