Reply to thread

Message: [QUOTE="MiloPlexyTrade, post: 239955, member: 122944"] [RIGHT][B]2nd January 2025 Thursday[/B][/RIGHT] [JUSTIFY][B]The United States is set to release its latest Unemployment Claims data, a critical indicator of labor market health. The report, which tracks the number of individuals filing for jobless benefits, will offer valuable insights into economic stability and potential policy implications.[/B][/JUSTIFY] [CENTER][B][U]USD - Unemployment Claims[/U][/B] [/CENTER] [JUSTIFY]Unemployment Claims measures the number of individuals filing for first-time unemployment insurance, with a lower-than-forecast result being positive for the currency. Although a lagging indicator, it signals economic health, as consumer spending often correlates with labor market conditions, influencing monetary policy. Continuing applications for US unemployment benefits rose to 1.91 million in the week ending December 14, reaching their highest level in over three years, according to Labor Department data. This increase reflects a growing trend of longer job searches for laid-off workers, despite initial claims declining slightly to 219,000 for the week ending December 21. The four-week moving average of new applications climbed to 226,500, signaling a cooling labor market. Federal Reserve Chair Jerome Powell recently acknowledged the labor market’s solid state but noted policymakers are closely monitoring for potential weakening. Economist Eliza Winger emphasized that while initial claims remain low due to limited eligibility and incentives, the rise in continuing claims highlights a slowdown in the labor market.[/JUSTIFY] [B]TL;DR[/B] [TABLE] [TR] [TH][B]Indicator[/B][/TH] [TH][B]Value[/B][/TH] [TH][B]Details[/B][/TH] [/TR] [TR] [TD][B]Continuing Claims[/B][/TD] [TD]1.91 million[/TD] [TD]Highest level in over three years, reflecting longer job searches.[/TD] [/TR] [TR] [TD][B]Initial Claims[/B][/TD] [TD]219,000[/TD] [TD]Slight decrease for the week ending December 21.[/TD] [/TR] [TR] [TD][B]Four-Week Moving Average of New Claims[/B][/TD] [TD]226,500[/TD] [TD]Indicates a cooling labor market.[/TD] [/TR] [TR] [TD][B]Federal Reserve's View[/B][/TD] [TD]Solid labor market[/TD] [TD]Monitoring for potential signs of weakening.[/TD] [/TR] [TR] [TD][B]Economist Eliza Winger's View[/B][/TD] [TD]Slowdown in labor market[/TD] [TD]Continuing claims rising despite low initial claims due to limited eligibility/incentives.[/TD] [/TR] [/TABLE] The forecast for [B]Unemployment Claims[/B] stands at [B]222,000[/B] compared to previous [B]219,000 [/B]outcome. The upcoming [B]Unemployment Claims[/B] will be released [B]today [/B]at [B]1:30 PM GMT.[/B] [CENTER][ATTACH type="full"]30907[/ATTACH][/CENTER] [/QUOTE]

Verification

Top Bottom