There are two types of Jobless Claims - Initial Claims, when a person applies for a benefit for the first time in five years, and the total number (Jobless Claims). Initial claims are more important. Both figures show weekly changes in the number of jobless claims.
These figures do not always reflect the real state of events. They are sometimes distorted by short-term factors, such as federal or local holidays. This indicator can give an idea of what Non-farm payrolls will be next time. For example, if during a month the value of Jobless Claims consistently decreases, then it is likely that the value of Non-farm payrolls will be large. It has a limited impact on the market. Reducing of the number of jobless claims is a favorable factor for the growth of the dollar.
- Release Frequency: weekly.
- Release Schedule: 08:30 EST, every Thursday.
- Source: U.S. Department of Labor.