Source National Statistics (latest release)

Measures Change in the number of people claiming unemployment-related benefits during the previous month;

Usual Effect Actual < Forecast = Good for currency; Frequency Released monthly, about 15 days after the month ends;

It’s the first indication of the employment situation, released a month earlier than the Unemployment Rate;

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 labour-market conditions;

Also Called Jobless Claims; Unemployment Change