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Jobless Claims

Definition

Initial Jobless Claims is a report issued by the U.S. Department of Labor on a weekly basis. The employment situation is extremely important for a macroeconomic analysis, so the financial markets track employment indicators, although this is a low impact indicator compared with the monthly BLS's "Employment Report". This report tracks how many new people have filed for unemployment benefits in the previous week. It is a good gauge of the U.S. job market. For instance, when more people file for unemployment benefits, fewer people have jobs, and vice versa. Investors can use this report to gather pertinent information about the economy, but it's a very volatile data, so the four-week average of jobless claims is monitored.

What is 'Jobless Claims'

The number of people who are filing or have filed to receive unemployment insurance benefits, as reported weekly by the U.S. Department of Labor. There are two categories of jobless claims - initial, which comprises people filing for the first time, and continuing, which consists of unemployed people who have been receiving unemployment benefits for a while. Jobless claims are an important leading indicator on the state of the employment situation and the health of the economy. Average weekly initial jobless claims are one of the 10 components of The Conference Board Leading Economic Index.

Explaining 'Jobless Claims'

Initial jobless claims, rather than continuing claims, are closely watched by financial market participants, since a sustained increase would indicate rising unemployment and a challenging economic environment. Since initial jobless claims may be volatile from week to week, the four-week moving average of jobless claims is also observed to get a better indication of the underlying trend.


Further Reading


Jumps and information flow in financial markets
academic.oup.com [PDF]
… F - International Economics; G - Financial Economics; H - Public Economics; I - Health … M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics; N - Economic History; O - Economic Development, Innovation, Technological Change, and …

Economic news and bond prices: Evidence from the US Treasury marketEconomic news and bond prices: Evidence from the US Treasury market
www.jstor.org [PDF]
… F - International Economics; G - Financial Economics; H - Public Economics; I - Health … M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics; N - Economic History; O - Economic Development, Innovation, Technological Change, and …

Understanding the Economic Impact of COVID-19 Stay-at-Home Orders: A Synthetic Control AnalysisUnderstanding the Economic Impact of COVID-19 Stay-at-Home Orders: A Synthetic Control Analysis
papers.ssrn.com [PDF]
… F - International Economics; G - Financial Economics; H - Public Economics; I - Health … M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics; N - Economic History; O - Economic Development, Innovation, Technological Change, and …

Daily brief economics and financial market commentaryDaily brief economics and financial market commentary
documents.worldbank.org [PDF]
… F - International Economics; G - Financial Economics; H - Public Economics; I - Health … M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics; N - Economic History; O - Economic Development, Innovation, Technological Change, and …

Presidential voting and the local variability of economic hardshipPresidential voting and the local variability of economic hardship
www.degruyter.com [PDF]
… F - International Economics; G - Financial Economics; H - Public Economics; I - Health … M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics; N - Economic History; O - Economic Development, Innovation, Technological Change, and …

A paradigm for quantitative behavioral financeA paradigm for quantitative behavioral finance
journals.sagepub.com [PDF]
… F - International Economics; G - Financial Economics; H - Public Economics; I - Health … M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics; N - Economic History; O - Economic Development, Innovation, Technological Change, and …

Text Mining-based Economic Activity EstimationText Mining-based Economic Activity Estimation
elibrary.ru [PDF]
… F - International Economics; G - Financial Economics; H - Public Economics; I - Health … M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics; N - Economic History; O - Economic Development, Innovation, Technological Change, and …

Jobless households in Australia: incidence, characteristics and financial consequencesJobless households in Australia: incidence, characteristics and financial consequences
journals.sagepub.com [PDF]
… F - International Economics; G - Financial Economics; H - Public Economics; I - Health … M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics; N - Economic History; O - Economic Development, Innovation, Technological Change, and …

Unemployment insurance claims and economic activityUnemployment insurance claims and economic activity
www.questia.com [PDF]
… F - International Economics; G - Financial Economics; H - Public Economics; I - Health … M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics; N - Economic History; O - Economic Development, Innovation, Technological Change, and …


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