Number of initial claims for unemployment benefits USA

Macro data #США :

FACT: 248K

FORECAST: 245K

Before: 239K

My opinion: The indicator is used to assess the state of the labor market and the overall health of the country's economy; the decline in this indicator begins before economic recovery is registered. Therefore, it is considered a strong leading indicator of the health of the economic system.

Typically, an increase in initial unemployment claims is recorded before the economy enters a recession, which is a negative signal for the crypto market as it increases the likelihood of a rate hike at the next meeting.