From the course: Economic Indicators

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Jobless claims

Jobless claims

From the course: Economic Indicators

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Jobless claims

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- Want to know the first sign of a slowing U.S. job market? It's when people loose their jobs and apply to get paid unemployment benefits. One of the biggest downside risks of a slowing economy is the number of people who lose their jobs. Which is why financial analysts, investors and the main stream media pay a lot of attention to weekly jobless claims. Plus the weekly claims data lead the most critical economic report of the month, the Employment Report. The unemployment insurance weekly claims report from the U.S. Department of Labor is called in shorthand the Jobless Claims Report by economists and the media. And it shows how many people are claiming unemployment insurance after loosing their jobs. This report is usually released on Thursdays and it shows two important groups of people who are claiming unemployment. First there are new weekly claims for job losses which are called initial claims. These are people who just became unemployed. There's also ongoing weekly claims for…

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