The Index represents the initial jobless claims (the initial claim is the claim applied for unemployment benefits for the first time in five years).
The index is released weekly.
Obtained figures are sometimes distorted by short term factors such as federal or local holidays.
This indicator is a sort of guide to determine the coming basic data as for the US labor market (unemployment rate and number or new job vacancies opened in non-agricultural sector of the US economy).
Effect of market
The index has generally a moderate influence over the Dollar dynamics.
Depending on the market situations, the index growth may have both positive and negative influence on the US currency.