Initial Jobless Claims are a leading indicator for the Civilian Unemployment Rate.
Initial jobless claims report the number of individuals who have filed for unemployment insurance benefits in the previous week (mostly involuntary layoff). This gives us near real-time data on the state of the labor market. The blue chart leads the red chart with a 3 month delay.
Initial jobless claims report the number of individuals who have filed for unemployment insurance benefits in the previous week (mostly involuntary layoff). This gives us near real-time data on the state of the labor market. The blue chart leads the red chart with a 3 month delay.
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