| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
Fundamentals
Initial Jobless Claims - May 8
Previous : 380 Thousand
Forecast : 375 Thousand
Definition :
A measure of the number of people filing first-time claims for state unemployment insurance. Issued by the Labor Department on a weekly basis; on Thursday at 8:30 a.m. Eastern time, the data is for the week ended the previous Saturday.
Why is it useful?
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.
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