What is Initial Jobless Claims?

Initial Jobless Claims is a report issued by the U.S. Department of Labor every Thursday at 8:30am EST.

How Does Initial Jobless Claims Work?

The data in the Initial Jobless Claims report reflect how many people filed for unemployment in the previous week. Therefore, this indicator is indicative of growing, rather than sustained unemployment.

Why Does Initial Jobless Claims Matter?

Financial analysts estimate what this figure will be and incorporate that estimation into their market projections. If the actual number of claims differs significantly from analysts' estimates, financial markets will face a correction to factor in the revealed data.

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Paul Tracy
Paul Tracy

Paul has been a respected figure in the financial markets for more than two decades. Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 3 million monthly readers.

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