© Reuters. US unemployment data is better than expected
Arabictrader.com – The data released by the US Census Bureau today, Thursday, showed positive data for the US jobless claims index, as the US unemployment benefits index rose by 281 thousand applications during the past week, while expectations indicated a rise by 290 thousand applications only, and the previous reading of the index was It recorded an increase of about 290 thousand orders during the previous week.
This indicator measures the change in the number of applicants for unemployment benefits for the first time during the past week, and its data is collected on a weekly basis. Also, the preliminary indicator data has a strong impact on the financial markets, unlike the continuous unemployment benefits, which measures the number of people benefiting from unemployment benefits.
Also, by watching the unemployment benefits data, investors can form a view about the employment market. In the case of wage inflation, the possibility of raising interest rates increases in addition to a decline in stock and bond prices, so it must be remembered that a decrease in unemployment benefits means a strong employment market and vice versa.
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