
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Previous: 357 Thousand
Forecast: 365 Thousand
Definition
Is and index reported on a weekly basis which track the change in the number of people filing for unemployment benefits in the previous week. Release usually every Thursday at 13:30 GMT and considered a gauge to the health of the labor market; yet mostly the four-week average is the figure looked at the most especially when projecting the renounced labor report in the US, the Nonfarm Payrolls.
General Effect
Occasionally moves market, timely. Considered a good gauge of the condition of the labor market and good indicator to the tone of the employment report.
the series are volatile and subject to revisions. The four-week average is used to gauge the underlying trend in claims.
The effect of the rising number is negative for both the dollar and the indices.
Previous session overviewOn Monday, the dollar posted steep gains against the euro, the yen and the Swiss franc amid optimism that a broad-based U.S. economic stimulus plan will...
OverviewThe Forex market has begun to return to some form of normality following the holidays. The EUR copped it overnight as speculation swept the market about the ECB...
The Australian dollar could face increased selling pressures over the next 24 hours of trading as economists forecast private-sector spending to weaken further in November. The...
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