The number of initial jobless claims in the United States for the week ending July 1 will be announced at 20:30 on July 6, Beijing time. The previous value was 239,000 and the forecast value was 245,000. The change in the number of people applying for unemployment benefits is one of the most watched economic indicators in the market. The United States is a completely consumer-oriented society, and consumer desire is the biggest driving force of the economy. If the number of people applying for unemployment benefits due to unemployment increases every week, it will seriously suppress consumer confidence, which is bearish for the US dollar and bullish for gold. The lower the data, the better the labor market and the more optimistic the prospects for economic growth, which is good for the US dollar and bearish for gold. The surge in initial jobless claims indicates that the labor market is slowing down amid the increasing risk of recession, and more and more layoff announcements are beginning to be converted into (formal) layoffs. The number of initial jobless claims may also affect the decision of Federal Reserve officials to raise interest rates in some way.