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Initial Jobless Claims

Initial Jobless Claims in the USA is a weekly economic indicator that measures the number of individuals filing for unemployment benefits for the first time. It provides insight into the health of the labor market, with rising claims suggesting potential economic weakness and falling claims indicating strength. This data is crucial for policymakers and investors as it can influence monetary policy decisions and market sentiment, often impacting stock and bond markets. The report is closely watched as an early indicator of economic trends and labor market conditions.