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Initial Jobless Claims

08-05-2008 - Crown Forex  |   Fundamental Reports
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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.
 
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.
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CROWN FOREX SA, located at St-Hubert 38, 2854 Bassecourt, P.o.box 247, Switzerland, is fully regulated as a financial intermediary under Swiss federal law on the prevention of money laundering (LBA, MLA). Our company is also affiliated with the ARIF association, thus overseen by the Swiss federal de...
 
DISCLAIMER:

The above may contain information for investors/traders and is not a recommendation to buy or sell currencies, gold, silver & energies, nor an offer to buy or sell currencies, gold, silver & energies. The information provided is obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness.  I am not liable for any losses or damages, monetary or otherwise that result.  I recommend that anyone trading currencies, gold, silver &energies should do so with caution and consult with a broker before doing so.  Prior performance may not be indicative of future performance. Currencies, gold, silver &energies  presented should be considered speculative with a high degree of volatility and risk
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