What is the impact of initial jobless claims on the dollar

Initial claims reflect the number of people lining up at state unemployment aid agencies to claim unemployment insurance benefits, and the number of initial or continuing claims is just as important.

Jobless claims are one of the indicators of domestic labor market conditions.

If the weekly number of jobless claims increases, consumer confidence will be severely depressed, which is relatively negative and positive for gold.

A lower reading indicates an improving labor market and an optimistic outlook for economic growth, which is good for the dollar and bad for gold.

A lower reading indicates an improving labor market and an optimistic outlook for economic growth, which is good for the dollar and bad for silver prices.