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Initial Jobless Claims

Definition: This weekly report shows how many people filed for unemployment benefits during the previous week.

Description: The Initial Jobless Claims Report provides insight into the US job market. An increase in jobless claims is a sign of a weakening economy, whereas a decrease signals economic expansion and an improving job market. Due to the high volatility of the weekly report, many investors prefer to use the four-week moving average.

Influence: A decrease in jobless claims indicates growth in the economy, which may boost the US dollar.

Market Impact: Low

Released: Every Thursday at 13:30 GMT

Source: US Department of Labor

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