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 unemployment benefits jumped by 21,000 from the previous week to 211,000 in the week ending March 4, the most since December 2022 and well above market expectations of 195,000. The latest value was the first surprise upside in a month, diverging from a series of From labor data that highlighted a stubbornly tight labor market and hinted that business conditions could start to ease. The four-week moving average, which removes weekly volatility, increased by 4,000 to 197,000. On a non-seasonally adjusted basis, claims increased by 35,357 to 237,513 with notable increases in North Carolina (+16,364) and California (+10,489).

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

The expected result for today's statement is 205 thousand
In the event that the current statement issued a result higher than expected, it will positively affect the currency, and vice versa