Claimant Count Change is the equivalent of the Initial Jobless Claims in the United States, but the difference comes from the period it is taking into consideration. The Initial Jobless Claims refer to the past week data, while Claimant Count Change to the past month. However, for both of them, the lower the indicator, the better for the currency, and for the economy.
Claimant Count Change shows the change in the number of people claiming unemployment related benefits during the previous month.
The most important things to take into consideration when looking at the Claimant count Change Indicator in the UK are:
- release date: monthly, about 15 days after the month ends;
- release time: 08:30 GMT during the London trading session;
- first tier indicator;
- brings important volatility;
- actual< forecast = positive for currency; actual > forecast = negative for currency.