What was the projected U.S. initial jobless claims?
U.S. initial claims for unemployment insurance unexpectedly rose in the week ended July 2, but they remain below the 250,000 threshold that would raise a red flag about the health of the labor market. New filings increased from an unrevised 231,000 to 235,000 in the week ended July 2….
| Actual | 235,000 |
|---|---|
| Updated | Jul 7, 2022 |
Are jobless claims rising?
WASHINGTON (AP) — More Americans applied for unemployment benefits last week and while layoffs remain low, it was the fifth consecutive week that claims topped the 230,000 mark and the most in almost six months.
Is jobless claims a leading indicator?
Jobless claims are an important leading indicator of the state of the employment situation and the health of the economy.
What was the highest unemployment rate during the Great Depression?
25%
Unemployment in the Great Depression. In the United States, unemployment rose to 25% at its highest level during the Great Depression. Literally, a quarter of the country’s workforce was out of work. This number translated to 15 million unemployed Americans.
What is insured unemployment rate?
A nonstandard measure of unemployment is the insured unemployment rate, which is the number of people currently receiving unemployment insurance (UI) as a percentage of the labor force.
Why are initial claims important?
Understanding Initial Claims The initial claims number is used by policymakers in conjunction with other employment data to determine the strength of the labor market. It is also watched closely by financial analysts because it provides insight into the health of the economy.
How does jobless claims affect gold?
The correlation between the initial jobless claims and the price of gold is merely -0.08, so it’s even lower than between the gold prices and the unemployment rate.
What is the average unemployment pay in California?
Unemployment Insurance (UI) Statistics
| Data Archives | Current Data For the Month of April 2022 |
|---|---|
| Minimum Weekly Benefit Amount | $40 |
| Maximum Weekly Benefit Amount | $450 |
| Monthly Average Weekly Benefit Amount | $338 |
| Average Weekly Benefit Amount (CYTD) | $333 |
Why is initial jobless claims a leading indicator?
The count of U.S. initial claims for unemployment insurance is a leading economic indicator because it indicates emerging labor market conditions in the country. However, these are weekly administrative data which are difficult to seasonally adjust, making the series subject to some volatility.
How does unemployment rate affect gold prices?
Results reveal that there is a long run relationship between the price of gold and unemployment in Models II and III, with Model III representing the strongest and most significant relationship. During 2008-2016 the price of gold increases by 4.7% for every 1% change in the unemployment rate, ceteris paribus.
What is China’s true unemployment rate?
The overall unemployment rate falls very slightly, from 14.1% to 14.0%, confirming that selection bias is not great.
Is California still paying Covid unemployment benefits?
PUA benefits ended September 4, 2021. The last day you could apply for a PUA claim was October 6, 2021, for weeks of unemployment before September 4. For more information about the ending of federal unemployment benefit programs, visit Federal Provisions for Unemployment.