Definition. Weekly US Department of Labor data on the number of new claims for unemployment benefits. The fastest available reading of the labour market.
How it works
Released every Thursday at 8:30 AM New York time (14:30 in Warsaw). The market also watches the four-week average, which smooths out weekly swings.
Example
A clear rise in claims for several weeks in a row is often read as a sign of a weakening labour market.
What to watch out for
Weekly data is volatile, e.g. around holidays. A single reading rarely changes the picture.
You'll find the full explanation with graphics, examples and exercises in the 📖 Order flow encyclopedia space, and its use in the live market in the 🔴 Live Room. Both are available to Club members (in Polish).
