Wednesday, December 28, 2016

Initial Jobless claims: released tomorrow morning

Initial Jobless Claims:

Released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance.

It provides a measure of strength in the labor market.

A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy.

A decreasing number should be taken as positive or bullish.