Fiper | Unemployment Claims

The Unemployment Claims Rate determines the amount of individuals who claimed unemployment insurance for the first time during the past week. This weekly indicator provides very temporary data, but traders see Unemployment as a lagging indicator that gives little indication of the future performance of the economy. The downward trend has a positive effect on the country's currency, as working people tend to spend more money, and consumption makes up a large portion of GDP
The number of Americans filing new applications for unemployment benefits fell by 20,000 to 211,000 in the week ending Dec. 10, the lowest level since the end of September and well below market expectations of 230,000. The non-seasonally adjusted measure fell by 39,095 to 248,881 with the largest drop reported in New York after a big jump in the previous week. Orders also fell in Texas, Georgia and California. The four-week moving average, which removes weekly volatility, fell by 3,000 to 227,250. Meanwhile, continuing jobless claims increased by 1,000, to 1,671,000 in the week ending Dec. 3.

Outlook for today's statement and how it will affect the currency

The expected result for today's statement is 221 thousand
In the event that the current statement issued a result higher than expected, it will positively affect the currency, and vice versa