Daily
This dataset tracks daily over time.
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
2/1/1960 - 9/30/2022
Summary
The 'Daily' economic trend, tracked by the U.S. Federal Reserve, measures the number of new unemployment insurance claims filed each day. This real-time indicator provides insights into the health of the labor market and can signal economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Daily' trend tracks the volume of new unemployment insurance claims filed each business day. This data offers a timely, forward-looking view of the job market, as workers who lose their jobs must typically file for unemployment benefits. Economists and policymakers closely monitor this metric to assess the broader economic landscape.
Methodology
The data is collected directly from state workforce agencies.
Historical Context
Policymakers use the 'Daily' trend to guide decisions on fiscal and monetary policy responses.
Key Facts
- New unemployment claims spiked during the COVID-19 pandemic.
- The 'Daily' trend is released weekly by the U.S. Federal Reserve.
- Declining new claims can signal a strengthening job market.
FAQs
Q: What does this economic trend measure?
A: The 'Daily' trend tracks the number of new unemployment insurance claims filed each business day, providing a real-time indicator of labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The 'Daily' trend offers timely insights into the health of the job market, which is a critical component of the broader economic landscape. Economists and policymakers closely monitor this metric to assess economic conditions and guide their decisions.
Q: How is this data collected or calculated?
A: The data for the 'Daily' trend is collected directly from state workforce agencies.
Q: How is this trend used in economic policy?
A: Policymakers use the 'Daily' trend to help guide decisions on fiscal and monetary policy responses, as it provides a real-time view of labor market conditions.
Q: Are there update delays or limitations?
A: The 'Daily' trend is released weekly by the U.S. Federal Reserve, providing a timely view of new unemployment claims.
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Citation
U.S. Federal Reserve, Daily (NORRECD), retrieved from FRED.