The US labor market is in focus again

The United States will publish a weekly update on unemployment claims on July 9, at 15:30 MT time.

Instruments to trade: EUR/USD, USD/JPY, GBP/USD

Once a week, the US Department of Labor publishes how many people filed for unemployment insurance. This is the most recent update on the employment data in the United States. Despite quite optimistic NFP last week when the indicator increased by 4 800K (vs. the forecast of 3 037K), the weekly unemployment claims for July 2 reached a higher level than expected. While analysts anticipated it to increase by 1 350K, the actual figures showed a rise of 1 427K.

• If the actual level of unemployment claims is lower, the USD will rise;
• If the actual level of unemployment claims is higher, the USD will fall.

Check the economic calendar

TRADE NOW

Ekaterina Gorbatenko

More by this author

Similar

11.02.2022 17:11 What will move the market on February 14-18?

Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!

24.12.2021 14:15 First NFP in 2022 Can Rock the Markets

The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).

24.12.2021 13:06 Big Event for USD: Retail Sales

The US will publish the Retail Sales on January 14, Friday, at 15:30 GMT+2. 

Latest news

29.06.2022 08:35 US PCE May Soar Soon

The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.

28.06.2022 08:35 Bank of England Tries to Save the Pound

The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).

22.06.2022 09:15 How Will US PMIs Affect the USD?

The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.