Unemployment Claims (US)
Released by the U.S. Department of Labor, Jobless Claims are reported in two ways: Continuing and Initial. Continuing Jobless Claims are the number of individuals currently drawing unemployment benefits. Initial Jobless Claims are the number of individuals filing for unemployment benefits for the first time.Both reports are widely viewed as secondary metrics toward the U.S. economic situation. While they are representative of employment levels, Non-Farm Payrolls and Unemployment are the valued statistics in this area.Low levels of both Continuing and Initial Jobless claims are viewed as being positive (bullish) for the USD, while rising levels are negative (bearish).