Unemployment Claims

Unemployment claims rates determine the amount of individuals claiming unemployment insurance for the first time during the past week. This weekly indicator provides very temporary data, but traders view 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 10,000 from the upwardly revised value for the previous week to 230,000 in the week ending August 19, below market expectations of 240,000. Additionally, continuing claims fell by 9,000 from the previous week's downwardly revised value to 1,702,000 in the week ending August 12, below market estimates of 1,708,000 and close to the 6-month low from July to indicate that job seekers are able to find a job. a job. The findings reinforced evidence that the US labor market remains at historically tight levels, adding room for the Federal Reserve to expand its hawkish momentum to curb inflation. The four-week moving average for initial claims, which removes week-to-week volatility, rose by 2,250 to 236,750. Non-seasonally adjusted claims fell by 15,446 to 198,357 as it offset big declines in Ohio (-5,899), New Jersey (-1,308), and Washington (-1,050). ) rise in Hawaii (3,679), where wildfire disasters have destroyed businesses

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

The expected result for today's statement is 236 thousand
In the event that the current statement issued a result higher than expected, it negatively affects the currency, and vice versa

Timing of issuance of the statement

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