Created
: 2025.07.17
- 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 221K last week
Breaking news
US: Initial Jobless Claims dropped to 221K last week
New
2025.07.17 21:36
2025.07.17 21:36
2025.07.17 21:36
- Initial Jobless Claims fell to 221K vs. the previous week.
- Continuing Jobless Claims increased to 1.956M.
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance fell to 221K for the week ending July 12. The latest print fell short of initial estimates and the revised figure from the previous week, which stood at 228K after being adjusted from 227K.
The report indicated a seasonally adjusted insured unemployment rate of 1.3%. Additionally, the four-week moving average decreased by 6.250K, bringing it down to 229.5K from the revised average of the previous week.
Moreover, Continuing Jobless Claims rose by 2K to reach 1.956M for the week ending July 5.
Market reaction
The Greenback maintains its trade near daily highs in the wake of the data release, reversing Wednesday's losses and motivating the US Dollar Index (DXY) to hover around the 98.80-98.90 range.
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
: 2025.07.17
Related articles
GBP/JPY rises on weak Japanese trade data, CPI in focus
11 minutes agoAUD/USD slides as weak Australian jobs data meets robust US retail sales
24 minutes agoUS to impose 93.5% tariff on Chinese battery material
29 minutes agoFed's Daly holds the line on cautious Fed approach amid price volatility
2025.07.18 01:57USD/CHF rebounds on hawkish Fed stance and upbeat US economic data
2025.07.18 01:27GBP/USD slips on robust US data as Fed cut odds fade
2025.07.18 00:58
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
GBP/JPY rises on weak Japanese trade data, CPI in focus
The British Pound (GBP) gains positive traction against the Japanese Yen (JPY) on Thursday as sentiment surrounding the Yen remains fragile following Japan's disappointing Trade Balance data.
New
2025.07.18 03:13AUD/USD slides as weak Australian jobs data meets robust US retail sales
The Australian Dollar (AUD) is weakening against the US Dollar (USD) on Thursday after employment data from Australia reflected a slowdown in the labour market. Meanwhile, US Retail Sales data surprised to the upside, reflecting an increase in consumer spending in June.
New
2025.07.18 03:00US to impose 93.5% tariff on Chinese battery material
According to early reporting, the United States (US) could be poised to introduce a new steep import tariff on Chinese goods, this time centered around battery technology, specifically battery-grade graphite.
New
2025.07.18 02:55Dow Jones Industrial Average tests higher ground after upbeat Retail Sales print
The Dow Jones Industrial Average (DJIA) extended a mid-week rebound on Thursday, tipping back into positive territory for the week as investors continue to brush off inflationary fears, tariff threats, and growing concerns that the Federal Reserve (Fed) could be poised to lose its political autonomy
New
2025.07.18 02:32Fed's Daly holds the line on cautious Fed approach amid price volatility
Federal Reserve (Fed) Bank of San Francisco President Mary C.
New
2025.07.18 01:57USD/CHF rebounds on hawkish Fed stance and upbeat US economic data
The US Dollar (USD) is firming against the Swiss Franc (CHF) as upbeat US economic data and hawkish Federal Reserve (Fed) comments support demand for US yields.
New
2025.07.18 01:27GBP/USD slips on robust US data as Fed cut odds fade
The GBP/USD drops during the North American session, edges down 0.07% following the release of strong US economic data that boosted the Greenback which hit a new July high as it recovers some ground at the beginning of the second half. At the time of writing, the pair trades at 1.3408.
New
2025.07.18 00:58German Chancellor Merz signals resistance to EU taxation plans
Chancellor of Germany Friedrich Merz flashed warning signs on Thursday, warning European Union (EU) plans to shore up budgets using new or increased corporate taxation schemes will likely meet resistance from the German contingent.
New
2025.07.18 00:42EUR/CHF Price Forecast: Euro stabilizes above 0.9300 as bears fails to trigger a breakdown
EUR/CHF is holding firm above 0.9300 on Thursday, with the pair attempting to rebound from the lower boundary of its multi-week consolidation zone.
New
2025.07.18 00:20EUR/JPY retreats from YTD high with price action falling in a tight range
The Euro (EUR) is trading in a narrow range against the Japanese Yen (JPY) on Thursday, after reaching a one-year high of 173.25 on Wednesday. Despite a minor pullback, central bank divergence and a diminishing outlook for Japan's economy remain a key theme.
New
2025.07.17 23:52Disclaimer:
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
