Browse:  #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z 

Jobless Claims

Jobless Claims Definition

Jobless Claims (also known as Initial Jobless Claims) is a report issued by the U.S. Department of Labor on a weekly basis. The employment situation is extremely important for a macroeconomic analysis, so the financial markets tracks employment indicators, although this is a low impact indicator compared with the monthly BLS's "Employment Report". This report tracks how many people have filed for unemployment benefitsin the previous week. It is a good gauge of the U.S. job market.

For instance, when more people file for unemployment benefits, fewer people have jobs, and vice versa. Investors can use this report to gather pertinent information about the economy, but it's a very volatile data, so the four week average of jobless claims is monitored.

The report is released at 13:30 GMT on Thursdays 08:30 EST and can be a market moving event.


Additional meaning of Jobless Claims:

Initial jobless claims measure emerging unemployment, and it's released after one week, but continued claims data measure the number of persons claiming unemployment benefits, and it's released one week later than the initial claims, that's the reason why initial have a higher impact in the financial markets.





Submit a Definition



Ask a Question

Learn the famous formula for money-making, based upon the THIRTEEN PROVEN STEPS TO RICHES! Get your FREE Copy & Instant Access to Think and Grow Rich by Napoleon Hill just by signing up.
 
   
Newsletter cover
Browse:  #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z