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 for unemployment benefits fell by 1,000 from the previous week to 191,000 in the week ended March 18, compared to forecasts of 197,000. The result provided further evidence of a tight labor market, in line with hot payroll numbers for February and the Federal Reserve's unemployment forecast. low. A tightening labor market is forcing employers to raise wages to attract and retain employees, amplifying inflationary pressure on the US economy and adding leeway for the central bank to continue tightening monetary policy. The four-week moving average, which removes weekly volatility, fell by 250 to 196,250. On a non-seasonally adjusted basis, initial claims decreased by 4,659 to 213,425, with notable decreases in California (-2,411) and Illinois (-1,135).

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

The expected result for today's statement is 196 thousand
In the event that the current statement issued a result higher than expected, it will positively affect the currency, and vice versa