© Reuters US jobless claims data is negative and larger than expected this week
Arabictrader.com – The data issued by the US Labor Office today revealed that applications increased by more than expectations this week, as the number of applications for US unemployment benefits amounted to about 240 thousand new applications, which is greater than the expectations that indicated that it would register 225 thousand applications, and the previous reading had recorded about 222 thousand requests during the past week.
This indicator measures the change in the number of applicants for US unemployment benefits for the first time during the previous week, and its data is compiled and announced on a weekly basis. The initial reading of this statement has a strong impact on the financial markets, unlike the continuous unemployment benefits data, which measures the number of people benefiting from unemployment benefits. .
By observing the US unemployment benefits data, investors can form a view on the employment market, and in the event of wage inflation, the possibilities of raising interest rates increase in addition to the decline in stock and bond prices, and therefore it is necessary to know that the decline in unemployment benefits means the strength of the employment market and vice versa.
See the original article