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- W1799167910 abstract "Initial jobless claims provide a weekly snapshot of the labor market. While known for being volatile, when put into the appropriate context initial claims can provide valuable information on the upcoming employment report. This paper introduces a new labor market indicator, referred to as the threshold of initial jobless claims, that serves as a benchmark of comparison for the weekly reporting of initial jobless claims. The threshold incorporates multiple margins of the labor market such as hires, quits, layoffs, and labor force participation. Deviations of observed initial claims from the threshold are shown to provide accurate estimates of the upcoming change in the unemployment rate. Labor market followers can then make weekly comparisons of observed initial claims to the threshold to gain an updated understanding on the current state of the labor market." @default.
- W1799167910 created "2016-06-24" @default.
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- W1799167910 date "2013-01-01" @default.
- W1799167910 modified "2023-09-27" @default.
- W1799167910 title "Revisiting the Use of Initial Jobless Claims as a Labor Market Indicator" @default.
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- W1799167910 doi "https://doi.org/10.2139/ssrn.2307705" @default.
- W1799167910 hasPublicationYear "2013" @default.
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