Major Economic Indicators for Traders: Part 2 - Employment, Sentiment & Trade

Primary Jobless Claims
What is it?: This indicator shows how many people became unemployed last month.

Why it should be followed: The fewer new applications, the more powerful a country's economy is and the more stable the labour market. High employment level leads to higher consumer spending and higher GDP data. Therefore, if the actual value of Primary Jobless Claims in the economic calendar is lower than the forecast, the USDJPY price is likely to fall.

When is the data published: weekly, on Thursdays.