TODAY’S “JOBLESS CLAIM DATA” DATE: 26-03-2015

Radhey Radhey!

Mar 26 18:00 GMT+5:30 290K Consensus 291K Previous

The 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. In other words, 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. Generally speaking, a decreasing number should be taken as positive or bullish for the USD – Chandan
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