Initial Claims
A measurement of the number of jobless claims filed by individuals seeking to receive state jobless benefits. This number is watched closely by financial analysts because it provides insight into the direction of the economy. Higher initial claims positively correlate with a weakening economy, and vice versa for lower initial claims. Investopedia Says:
The strength of a nation's economy will have an impact on the appreciation or depreciation of its currency against other major currencies. Therefore, forex traders typically look at the initial claims figure as part of their analysis when assessing a currency's prospects for the immediate future. Generally speaking, week-by-week numbers are too volatile to get an accurate picture of economic changes, so four-week moving averages are typically used for the initial claims metric. Related Terms:
Birth-Death Ratio
Bureau Of Labor Statistics - BLS
Business Cycle Indicators - BCI
Employment and Training Administration - ETA
Help-Wanted Index - HWI
Job Openings And Labor Turnover Survey - JOLTS
Jobs Growth
Non-Farm Payroll
Unemployment Rate |