A claim which is made for unemployment person who is not doing anything. Cash benefit for a time periods only. No. of individuals who filed for unemployment insurance for the first time during the past week. The US Labor Department keeps track of the number of weekly unemployment claims. It provides both seasonally adjusted and seasonally unadjusted claims numbers and also lists which states had an increase or decrease of 1,000 or more claims. The data directly reported to the media as an indication of national and state economic health.
In order to encourage workers to get another job, unemployment benefits are payable for a limited number of weeks and are designed to pay less than a worker would make at a job.
Data Released weekly, 5 days after the week ends.
It is generally a lagging indicator, the number of unemployed person is an important signal of economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.
Impact: If Actual < Forecast = Good for currency
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