Created
: 2025.07.03
- 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 233K last week
Breaking news
US: Initial Jobless Claims dropped to 233K last week
New
2025.07.03 21:38
2025.07.03 21:38
2025.07.03 21:38
- Initial Jobless Claims dropped to 233K vs. the previous week.
- Continuing Jobless Claims held steady at 1.964M.
US citizens filing new applications for unemployment insurance fell to 233K for the week ending June 28, 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 237K (revised from 236K).
The report also highlighted a seasonally adjusted insured unemployment rate of 1.3%, while the four-week moving average dropped by 3.750K to 241.5K from the prior week's revised average.
Moreover, Continuing Jobless Claims shrank by 10K to reach 1.964M for the week ending June 21.
Market reaction
The Greenback jumped to fresh highs in the wake of the release of the stronger-than-estimated jobs report, adding to Wednesday's uptick and prompting the US Dollar Index (DXY) to flirt with the 97.40 region, or four-day tops.
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
: 2025.07.03
Related articles
Canadian Dollar trudges higher after key US jobs data sparks further risk appetite
10 minutes agoBreaking: US House passes Trump's "Big, Beautiful Bill"
33 minutes agoDow Jones Industrial Average surges higher after NFP jobs beat forecasts
36 minutes agoGBP/JPY snaps losing streak as Yen weakens across the board
37 minutes agoUSD/CHF strengthens as safe-haven flows decrease on upbeat NFP jobs data
2025.07.04 02:50Bessent: Fed to decide on rates, Powell replacement discussions in fall
2025.07.04 01:32
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
Canadian Dollar trudges higher after key US jobs data sparks further risk appetite
The Canadian Dollar (CAD) caught further lift on Thursday, rising against the US Dollar (USD) after US Nonfarm Payrolls (NFP) job gains wiped out market fears of a weakening US labor sector.
New
2025.07.04 03:54Breaking: US House passes Trump's "Big, Beautiful Bill"
President Trump's tax-cut and spending bill is passed by the House of Representatives, and it is sent to Trump to be signed into law.
New
2025.07.04 03:31Dow Jones Industrial Average surges higher after NFP jobs beat forecasts
The Dow Jones Industrial Average (DJIA) punched in firm gains on Thursday, testing its highest bids in five months after US Nonfarm Payrolls (NFP) showed more jobs were added in June on a seasonally-adjusted basis than markets feared.
New
2025.07.04 03:28GBP/JPY snaps losing streak as Yen weakens across the board
The British Pound (GBP) gains ground against the Japanese Yen (JPY) on Thursday, supported by stronger-than-expected US Non-Farm Payrolls (NFP) data, which lifted global risk sentiment and weighed on traditional safe-haven currency.
New
2025.07.04 03:27Gold drops on stellar US NFP report, dims July Fed rate cut hopes
Gold price fell 0.80% on Thursday as a strong US Nonfarm Payrolls report strengthened the US Dollar, leading market participants to believe it unlikely that the Fed could cut rates at the July meeting. At the time of writing, the XAU/USD trades at $3,332, having reached a daily high of $3,365.
New
2025.07.04 03:05USD/CHF strengthens as safe-haven flows decrease on upbeat NFP jobs data
The Swiss Franc (CHF) is weakening against the US Dollar (USD) as traders digest the latest economic data releases from the two nations.
New
2025.07.04 02:50Bessent: Fed to decide on rates, Powell replacement discussions in fall
US Treasury Secretary Scott Bessent, in an interview on CNBC, stated that it is up to the Federal Reserve to decide on interest rates. He added that if the Fed does not cut in July, "perhaps interest rate cut in September will be bigger."
New
2025.07.04 01:32EUR/USD retreats as solid US employment data lifts the US Dollar
The Euro (EUR) is weakening against the US Dollar (USD) on Thursday during the American session after a slew of US economic data provided some relief for the Greenback.
New
2025.07.04 01:04Silver Price Forecast: XAG/USD range narrows, eyes bullish breakout
Silver (XAG/USD) is trading with a modest positive bias on Thursday, holding steady near $36.75 during the American trading session after easing from an earlier high of $37.07.
New
2025.07.04 00:22GBP/USD steady despite US jobs surprise, Reeves uncertainty caps gains
The Pound Sterling remained steady against the Greenback on Thursday after a solid Nonfarm Payrolls report in the United States (US) cemented the case that the Federal Reserve would hold rates at the July meeting, as the Unemployment Rate ticked lower.
New
2025.07.04 00:15Disclaimer:
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
