Created
: 2025.06.26
- 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 fell to 236K last week
Breaking news
US: Initial Jobless Claims fell to 236K last week
New
2025.06.26 21:38
2025.06.26 21:38
2025.06.26 21:38
- Initial Jobless Claims dropped to 236K vs. the previous week.
- Continuing Jobless Claims went up to 1.974M.
US citizens filing new applications for unemployment insurance dropped to 236K for the week ending June 21, as reported by the US Department of Labor (DOL) on Thursday. This print came in below initial estimates and the previous week's revised tally of 246K (revised from 245K).
The report also highlighted a seasonally adjusted insured unemployment rate of 1.3%, while the four-week moving average dropped by 750 to 245K from the prior week's revised average.
Moreover, Continuing Jobless Claims increased by 37K to reach 1.974M for the week ending June 14.
Market reaction
The Greenback remains on the back foot, adding to the ongoing leg lower and prompting the US Dollar Index (DXY) to challenge the 97.00 support for the first time since March 2022.
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
: 2025.06.26
Related articles
EUR/USD retreats from highs amid a stronger US Dollar, tariff deadline fears
19 minutes agoUS Dollar Index Price Forecast: Remains steady near 97.50, nine-day EMA barrier
19 minutes agoEUR/JPY holds above 172.00 after the US-Japan deal, PM Ishiba's resignation
23 minutes agoPound Sterling holds onto gains against USD despite US-Japan trade deal
24 minutes agoWTI wobbles above $65 ahead of EIA inventory data
28 minutes agoNZD/USD rises to above 0.6000 amid trade optimism
42 minutes ago
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
EUR/USD retreats from highs amid a stronger US Dollar, tariff deadline fears
The EUR/USD pair is trading lower on Wednesday, giving away some gains following a 1.3% rally over the last three days.
New
2025.07.23 16:37US Dollar Index Price Forecast: Remains steady near 97.50, nine-day EMA barrier
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady after three days of losses and trading around 97.40 during the early European hours on Wednesday.
New
2025.07.23 16:37EUR/JPY holds above 172.00 after the US-Japan deal, PM Ishiba's resignation
The Euro retreated from 172.65 against the Yen ahead of the European session opening, but has been contained above 172.00, as the JPY whipsaws on the back of the trade deal with the US and the resignation of Prime Minister Shigeru Ishiba.From a wider perspective, the pair seems to be losing steam af
New
2025.07.23 16:33Pound Sterling holds onto gains against USD despite US-Japan trade deal
The Pound Sterling (GBP) clings to gains near 1.3520 against the US Dollar (USD) during the European trading session on Wednesday.
New
2025.07.23 16:32WTI wobbles above $65 ahead of EIA inventory data
West Texas Intermediate (WTI), futures on NYMEX, trades in a tight range around $65.30 during the European trading session on Wednesday. The Oil price consolidates as investors await the weekly crude Oil inventory data, reported by the United States' (US) Energy Information Administration (EIA).
New
2025.07.23 16:28NZD/USD rises to above 0.6000 amid trade optimism
The NZD/USD pair gathers strength to around 0.6025 during the early European session on Wednesday.
New
2025.07.23 16:14Japan's Ishiba says he didn't discuss his resignation at all
Japanese Prime Minister Shigeru Ishiba said on Wednesday that he did not discuss his resignation at all, adding that there was absolutely no truth to media reports about his intention.
New
2025.07.23 15:51FX option expiries for Jul 23 NY cut
FX option expiries for Jul 23 NY cut at 10:00 Eastern Time via DTCC can be found below.
New
2025.07.23 15:17Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session.
New
2025.07.23 15:11EUR/GBP Price Forecast: Positive view prevails above 0.8670, traders await ECB rate decision
The EUR/GBP cross attracts some sellers to near 0.8670 during the early European session on Wednesday.
New
2025.07.23 15:06Disclaimer:
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
