Created
: 2025.05.22
- 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: Initial Jobless Claims dropped to 227K last week
Breaking news
US: Initial Jobless Claims dropped to 227K last week
New
2025.05.22 21:36
2025.05.22 21:36
2025.05.22 21:36
- Initial Jobless Claims eased to 227K vs. the previous week.
- Continuing Jobless Claims rose to 1.903M.
US citizens filing new applications for unemployment insurance receded a tad to 227K for the week ending May 17, as reported by the US Department of Labor (DOL) on Thursday. This print came in below initial estimates and the previous week's unrevised tally of 229K.
The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average increased by 1K to 231.5K from the prior week's unrevised average.
Moreover, Continuing Jobless Claims went up 36K to reach 1.903M for the week ending May 10.
Market reaction
The Greenback alternates gains with losses around the 99.70 zone when tracked by the US Dollar Index (DXY) in the wake of the release, practically unfazed following the data. Meanwhile, investors remain laser-focused on developments from the Trump's sweeping tax bill and the US trade policy.
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
: 2025.05.22
Related articles
USD/CAD holds ground, weak Canadian data caps losses
2025.05.23 00:01NZD/USD Price Forecast: Slides to near 0.5900
2025.05.22 23:44ECB's Nagel: Interest rate level is not restrictive
2025.05.22 22:58USD Index turns highly volatile near 99.50 after Trump's bill advances to Senate
2025.05.22 22:36EUR/GBP pulls back as Eurozone business activity contracts, UK services gain momentum
2025.05.22 22:34US: Initial Jobless Claims dropped to 227K last week
2025.05.22 21:35
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
Gold price slips below $3,300 amid firm US Dollar after Trump budget vote
Gold price dropped some 0.48% on Thursday and failed to hold onto the $3,300 figure after reaching a two-week high of $3,345 earlier.
New
2025.05.23 01:28Silver Price Forecast: Silver retreats from seven-week highs
Silver (XAG/USD) reverses sharply lower on Thursday after briefly testing $33.70, its highest level in seven weeks, showing signs of near-term fatigue after a strong upside breakout on Wednesday to trade around $32.95 during the American session.
New
2025.05.23 00:04USD/CAD holds ground, weak Canadian data caps losses
The US Dollar (USD) continues to face pressure from broad-based macro concerns, including high fiscal deficits, prolonged elevated interest rates, and rising geopolitical tensions.
New
2025.05.23 00:01NZD/USD Price Forecast: Slides to near 0.5900
The NZD/USD pair falls to near the round level of 0.5900 during North American trading hours on Thursday. The Kiwi pair slumps after the release of the stronger-than-projected United States (US) Purchasing Managers' Index (PMI) data for May.
New
2025.05.22 23:44ECB's Nagel: Interest rate level is not restrictive
Joachim Nagel, President of the Bundesbank and member of the ECB's Governing Council (GC), argued that the bank's current interest rate level is not considered as restrictive.
New
2025.05.22 22:58USD Index turns highly volatile near 99.50 after Trump's bill advances to Senate
The US Dollar (USD) exhibits volatile action during North American trading on Thursday, with the US Dollar Index (DXY) showing wild moves near 99.50 after the United States (US) House of Representatives approved President Donald Trump's tax bill narrowly and passed it to the Senate.
New
2025.05.22 22:36EUR/GBP pulls back as Eurozone business activity contracts, UK services gain momentum
The EUR/GBP cross edges lower on Thursday, retreating after a three-day rally to trade near 0.8420 at the start of the American session as investors digest a mixed batch of economic data from both sides.
New
2025.05.22 22:34US: Initial Jobless Claims dropped to 227K last week
US citizens filing new applications for unemployment insurance receded a tad to 227K for the week ending May 17, as reported by the US Department of Labor (DOL) on Thursday. This print came in below initial estimates and the previous week's unrevised tally of 229K.
New
2025.05.22 21:35GBP/USD turns cautious on UK PMI Manufacturing miss, with focus on US data
The British Pound Sterling (GBP) has been gaining steadily against the US Dollar (USD) since January, reflecting diverging economic conditions between the United Kingdom and the United States.
New
2025.05.22 21:26Fed's Waller: Tariffs will be a one time price increase
In an interview with Fox Business on Thursday, Federal Reserve (Fed) Governor Christopher Waller reiterated that he continues to believe that tariffs will cause a one-time increase in prices and added that the Fed's standard playbook is to look through one-time price impacts, per Reuters.
New
2025.05.22 20:59Disclaimer:
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
