Created
: 2025.05.01
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
US weekly Initial Jobless Claims rise to 241K vs. 224K expected
World FX news
Breaking news
US weekly Initial Jobless Claims rise to 241K vs. 224K expected
New
2025.05.01 21:38
2025.05.01 21:38
2025.05.01 21:38
- Initial Jobless Claims in the US rose by 18,000 in the week ending April 26.
- US Dollar Index clings to small daily gains below 100.00.
There were 241,000 initial jobless claims in the week ending April 26, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 223,000 (revised from 222,000) and came in worse than the market expectation of 224,000.
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.3%.
"The advance number for seasonally adjusted insured unemployment during the week ending April 19 was 1,916,000, an increase of 83,000 from the previous week's revised level," the DOL said in its press release and noted that this is the highest level for insured unemployment since November 13, 2021, when it was 1,970,000.
Market reaction
The US Dollar (USD) Index retreated with the immediate reaction to this report and was last seen gaining 0.1% on the day at 99.75.
Employment FAQs
Labor market conditions are a key element to assess the health of an economy and thus a key driver for currency valuation. High employment, or low unemployment, has positive implications for consumer spending and thus economic growth, boosting the value of the local currency. Moreover, a very tight labor market - a situation in which there is a shortage of workers to fill open positions - can also have implications on inflation levels and thus monetary policy as low labor supply and high demand leads to higher wages.
The pace at which salaries are growing in an economy is key for policymakers. High wage growth means that households have more money to spend, usually leading to price increases in consumer goods. In contrast to more volatile sources of inflation such as energy prices, wage growth is seen as a key component of underlying and persisting inflation as salary increases are unlikely to be undone. Central banks around the world pay close attention to wage growth data when deciding on monetary policy.
The weight that each central bank assigns to labor market conditions depends on its objectives. Some central banks explicitly have mandates related to the labor market beyond controlling inflation levels. The US Federal Reserve (Fed), for example, has the dual mandate of promoting maximum employment and stable prices. Meanwhile, the European Central Bank's (ECB) sole mandate is to keep inflation under control. Still, and despite whatever mandates they have, labor market conditions are an important factor for policymakers given its significance as a gauge of the health of the economy and their direct relationship to inflation.
Last updated
: 2025.05.01
Related articles
AUD/USD eyes breakout above 0.6500 amid weak US Dollar
13 minutes agoUSD/CAD tumbles to two-week low after five-day sell-off
2025.05.23 23:57EUR/JPY slumps to near 161.00 as Trump threatens 50% tariffs on Eurozone
2025.05.23 23:54USD/JPY: Bearish bias on the daily charts - OCBC
2025.05.23 23:42USD: Investors continue to re-evaluate 'US exceptionalism' - Rabobank
2025.05.23 23:37US Treasury Sec. Bessent :US is far along in trade talks with India, Asian countries
2025.05.23 23:23
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
AUD/USD eyes breakout above 0.6500 amid weak US Dollar
The Australian Dollar (AUD) pushes higher against the US Dollar (USD), reaching a fresh weekly high near 0.6480 on Friday, up more than 1.20% on the day.
New
2025.05.24 01:31USD/CAD tumbles to two-week low after five-day sell-off
The Canadian Dollar (CAD) strengthens further against the US Dollar (USD) on Friday, marking a five-day rally.
New
2025.05.23 23:57EUR/JPY slumps to near 161.00 as Trump threatens 50% tariffs on Eurozone
The EUR/JPY pair slides to near 161.00 during North American trading hours on Friday, the lowest level seen in a month.
New
2025.05.23 23:54USD/JPY: Bearish bias on the daily charts - OCBC
USD/JPY continued to trade lower, tracking USD and UST yields lower. Last at 142.55 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
2025.05.23 23:42USD: Investors continue to re-evaluate 'US exceptionalism' - Rabobank
US treasuries appear to have drawn some comfort today from the Supreme Court's ruling that the unique structure of the Fed may protect its board members from potentially being removed by the President, Rabobank's FX analyst Jane Foley reports.
New
2025.05.23 23:37US Treasury Sec. Bessent :US is far along in trade talks with India, Asian countries
In an interview with Fox News on Friday, United States (US) Treasury Secretary Scott Bessent said that US President Donald Trump believes that the European Union's proposals have not been of good quality, per Reuters.
New
2025.05.23 23:23Fed's Schmid: Tariffs keep uncertainty unabated
Kansas City Fed President Jeffrey Schmid said that the current high uncertainty is still being driven by the tariff debate.
New
2025.05.23 23:22USD/CHF declines due to Trump's tariff threat on the EU and rising risk aversion
The Swiss Franc (CHF) continues to strengthen against the US Dollar (USD) on Friday, with concerns over the health of the United States (US) economy weighing on the Greenback.
New
2025.05.23 23:21Fed's Musalem: Business expect higher prices
Business leaders are becoming increasingly concerned about the economic consequences of rising prices and trade uncertainty, suggested St. Louis Fed President Alberto Musalem.
New
2025.05.23 23:16DXY: Weak sentiment on the day - OCBC
Overnight, US Dollar (USD) bounced after prelim PMIs surprised to the upside. But gains were retraced in the morning, alongside the pullback in UST yields. DXY was last seen at 99.40, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
2025.05.23 23:06Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
