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;

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 labour-market conditions;

Also Called Jobless Claims, Initial Claims;