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Initial Jobless Claims

What's the definition?
A report issued weekly by the U.S. Department of Labor that tracks how many people have filed for unemployment benefits in the previous week. It is a good gauge of the U.S. job market. For instance, when more people file for unemployment benefits, less people have jobs, and vice versa. Investors can use this report to gather pertinent information about the economy. The report is released at 8:30AM on Thursdays and can be a market moving event.


DoL - U.S. Department of Labor




Economy


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