Jobless claims as an economic indicator
One of the important economic indicators to track especially in the COVID 19 era we are in is the initial jobless claims figures coming out of the United States. These figures are reported by the US Department of labour and they measure the number of people claiming unemployment insurance benefits for the very first time.
The statistic is important as it acts as a leading indicator of the employment landscape and the overall state of the economy. The best way to interpret these figures is to see if the number of people claiming have increased or decreased. If more people are filing for the benefits it means less people have jobs and vice versa and an increase in the number indicates a slowing economy and a decreasing number indicates a growing economy.
Reference: Fundamental Analysis – The Employment Indicator
MEET THE TEAM
Get to know more about our team members:
Lecturer – CFD’s
How long have I been with Stock Market College?
I started working for Stock Market College in 2014 and I must say it’s been an absolute joy. I have grown in leaps and bounds.
When did I start Trading the Financial Markets?
I started trading the financial markets in 2015. My trading started with CFD’s (Contracts for Difference), and then moved on to Indices and forex and am still hard at it.
How would you describe yourself?
I am a father of 3 boys, a sports fanatic, a Chelsea supporter (best team in the world), a destroyer of food, a gamer. I love lecturing and feeding people with the knowledge that I’ve obtained over the years and I must say that my interaction with other human beings is awesome.
A guideline to follow to make your trading journey both exciting and successful.
Roger will be running the QuickTrade trading room next week Monday to Friday from 09:30 to 13:00 AND 18:00 – 19:00. Join him and advance your trading skills with Zoom, ID 6938111101
Classes run in the evenings and Saturday mornings
Zoom ID’s will no longer be sent to students, going forward students will only be able to access a class via the LMS.
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What our students say
”Hi Afika Thank you for a brilliant session. I’ve gone through all the training videos on the portal and have done most of the other classes last week. You guys are really very organized and very good in presenting these classes. I was a metallurgical engineer for 20 years at AMSA and got retrenched at the end of April 2020. I decided to manage my own money instead of giving it to someone else to do it on my behalf. I am really so excited about a trading career and am grateful for your guidance. I can’t find any fault with you presenting the CFD module you are well prepared, you know your subject, you have patience and give great support and guidance, but most of all, you motivate and succeed to make us feel we will be successful in the end. Thank you for that.“
”Hi Ashley Today everything you were teaching, from resistance to patterns, it was very clear. Another thing, is the way you explain the accumulation and retracement on the charts. I see that practise is needed, to train the eyes for spotting the patterns. I am asking myself why all these weeks I didn’t understand. Now I really understand, when you say repetition also is the key. Even yesterday, I also learn a lot.“