What is the impact of the initial jobless claims on crude oil
Unemployment data tend to affect the trend of the dollar, the volatility of silver is more obvious, but the unemployment rate of crude oil market is not large, not very much.
Unemployment is an economic data on the number of unemployed people in the United States to receive unemployment compensation.
For example, unemployment is similar to China's "minimum" in general, the number of unemployed people, if the increase, then the U.S. economic recession, the dollar fell, then the rise in crude oil. On the contrary, the number of unemployed, the dollar rose, crude oil fell.
Jobless claims change is one of the most remarkable economic indicators on the market. The United States is a complete consumer society, consumption is the biggest driving force of the economy, if a week because of unemployment and jobless increases, will seriously inhibit consumer confidence, the relative dollar is bad, the more bullish data of crude oil. Low, indicating improvement in the labor market, the prospects for economic growth to $optimistic, bad crude oil.
