What Are Initial Jobless Claims?

The number of initial jobless claims reflects the number of people queuing up to apply for unemployment insurance before unemployment assistance agencies in various states in the United States. The number of first-time or continuing applications is also important. The report is not a total of the percentage of people who are working based on the measured total labor force. It is a count of the number of people who are now waiting in line to receive unemployment insurance benefits.

Initial unemployment benefits

The number of initial jobless claims reflects the number of people lining up to apply for unemployment insurance before unemployment assistance agencies in each state. The number of first-time or continuing applications is also important. The report is not a total of the percentage of people who are working based on the measured total labor force. It is a count of the number of people who are now waiting in line to receive unemployment insurance benefits.

This indicator is also one of the most eye-catching economic indicators in the market. Because employment is a driving force for future economic development, this is a forward-looking indicator. At present, the United States is a completely consumer-oriented society. Consumption is the biggest driving force for the economy. If many Americans lose their jobs every week and apply for unemployment benefits, they will seriously inhibit consumer confidence. Since the data is published every week, which is the focus of the investment market, the number of unemployed people has increased sharply, and the financial pressure of the United States government has also increased. The government will also adopt corresponding policies to stimulate the economy.

The number of initial jobless claims is one of the indicators reflecting the state of its domestic labor market. The increase in initial jobless claims reflects an increase in the number of people being fired or the difficulty in finding a new job. This indicator is the second indicator to reflect the labor market conditions. Later, the monthly employment report released by the Bureau of Labor Statistics attracted more attention. The distribution of unemployment benefits is not for all unemployed people, but for "conditional distribution".

The change in the number of people applying for unemployment benefits is one of the most prominent economic indicators in the market. The United States is a completely consumer-oriented society. Consumption intention is the biggest driving force for the economy. If the number of people applying for unemployment benefits every week due to unemployment increases, it will seriously inhibit consumer confidence, which is negative relative to the US dollar and bullish for gold. The lower the number, the better the labor market, the optimistic of the economic growth prospects, the positive for the US dollar and the negative for gold.

Since the employment report is published at the beginning of the month, it is generally used as the tone of the economic indicator for the month. The non-agricultural employment population is an important data for estimating industrial production and personal income. The lower unemployment rate or the increase in non-agricultural employment indicate that the economy is improving and interest rates may rise, which is good for the US dollar and bearish for gold; otherwise it is bad for the US dollar and bullish for gold.

Initial unemployment benefit ^[1] is one of the indicators reflecting the state of its domestic labor market, and it counts the number of people applying for unemployment benefits for the first time. Because the data is published weekly, it is the focus of the investment market, and the number of unemployed has increased sharply, and the financial pressure of the US government has also increased. The United States is a completely consumer-oriented society. Consumption intention is the biggest driving force for the economy. If the number of people applying for unemployment benefits every week due to unemployment increases, it will seriously inhibit consumer confidence, which is negative relative to the US dollar and bullish on silver prices. The lower the number, the better the labor market, the optimistic outlook for economic growth, the US dollar, and the blank silver price.