Initial Jobless Claims ICSA Economic
Overview Summary for the Selected Time Period
This overview provides a summary of the selected indicators, including their latest values, changes over time, and key statistics.
Settings
Value Chart Percentage Changes
Value Overlay ChartPercentage Changes
Learn More
This page just gave you an overview, you might also want to check out the comprehensive stats, historical, correlation, and volatility pages.
What is Initial Jobless Claims?
Initial jobless claims track the number of individuals filing for unemployment benefits for the first time each week. This data provides a real-time snapshot of the labor market's health. Economists and policymakers closely monitor this indicator because it is a leading economic signal. A rising trend in initial claims suggests increasing layoffs and a weakening job market, potentially signaling an economic slowdown or recession. Conversely, a declining trend indicates businesses are hiring and the labor market is strengthening. The U.S. Department of Labor's Bureau of Labor Statistics compiles this data based on filings submitted by individuals to state unemployment agencies. These claims are typically filed by those who have recently lost their jobs through no fault of their own. Changes in this number can influence decisions regarding monetary policy, interest rates, and fiscal stimulus.
Read more🤖 AI Analysis
This website uses cookies for essential functions, other functions, and for statistical purposes. Please refer to the cookie policy for details.
This feature requires functional cookies. Please refer to the cookie policy for details.
Trade hundreds of crypto perpetual futures