Number of initial applicants for unemployment benefits

View All · Published on 2020-2-29 14:30:21

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The statistics of the number of initial applicants for unemployment benefits refer to the number of people applying for and receiving unemployment benefits for the first time, which is one of the indicators reflecting the domestic labor market situation.

Due to the weekly release of this data, which is the focus of the investment market, the significant increase in unemployment has increased the financial pressure on the US government, posing a challenge for the US economy, which has suffered from the "double red syndrome" and is unfavorable to the US dollar.

The number of people applying for unemployment benefits in the United States each week is divided into two categories: initial and ongoing applications. In addition to weekly numbers, the moving average for the four weeks will also be released to reduce the volatility of the numbers. The change in the number of people applying for unemployment benefits is one of the most prominent economic indicators in the market.

The United States is a completely consumer society, and consumer desire is the biggest driving force of the economy. If the number of people applying for unemployment benefits every week increases, it will seriously suppress consumer confidence, which is bearish and bullish compared to the US dollargold。 The lower the data, the better the labor market and the optimistic outlook for economic growth, which is favorable for the US dollar and bearish for gold.

The employment report, which is released at the beginning of the month, is generally used as the tone for the current month's economic indicators. The non-agricultural employment population is an important data for estimating industrial production and personal income. A decrease in unemployment rate or an increase in non agricultural employment indicates a positive outlook on the economy, with interest rates possibly rising, which is beneficial to the US dollar and bearish on gold; On the contrary, it is unfavorable for the US dollar and bullish for gold.