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 rose by 7,000 from the previous week to 198,000 in the week ending March 25, slightly above forecasts of 196,000. While it beat expectations, the result remained low by historical standards and continued to point to a very tight labor market. , in line with hot February payroll numbers and the Federal Reserve's low unemployment forecast. 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, rose by 2,000 to 198,250. On an unadjusted seasonal basis, initial claims increased by 10,906 to 223,913.

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

The expected result for today's statement is 200 thousand
In the event that the current statement issued a result higher than expected, it will positively affect the currency, and vice versa

The timing of the statement

The report will be issued at 3:30 pm Mecca Al-Mukarramah time