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Initial Claims close
# Revised Better / Worse Units: k
Impact Actual Forecast Previous Time Date
Med 370.00 368.00 368.00 07:30 5/10


U.S. Department of Labor


The report counts the number of individuals who have filed for state unemployment benefits during the previous week.



Why should I care?

An increase in jobless claims signals slow job growth and additional unemployment. The lack of jobs can affect the consumer spending and confidence.


The OlsenScale (SMQ)

The Olsen Scale quantifies the market activity according to the Scale of Market Quakes (SMQ).

Similar to the Richter scale which measures the release of seismic energy during an earthquake, the SMQ relates excessive pricing along various price and time scales to historical data by assigning a single number to it. On a constant basis, the scale therefore characterizes the state of the market.

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Released: May 10, 2012 7:30
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