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The US Department of Labor publishes its weekly unemployment insurance claims report every Thursday at 8:30 am ET, or Wednesday when a holiday falls later in the week. It’s the most timely official read on the US labor market, covering the week that ended just five days earlier. The headline figure is initial jobless claims, the number of people filing for unemployment benefits for the first time. It’s a direct gauge of layoffs. Because the weekly data are noisy, markets also watch the four-week moving average to gauge the trend. The report also includes continuing claims, the number of people still receiving benefits after their initial filing, which lags initial claims by a week.
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