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Are Initial Jobless Claims a Useful Gauge of Labor Market Conditions?

Michael McCracken and Trần Khánh Ngân

On the Economy from Federal Reserve Bank of St. Louis

Abstract: For business economists, crossing 400,000 initial jobless claims can signal a reversal in labor market conditions. Is this threshold still useful?

Keywords: initial jobless claims; labor market conditions; unemployment (search for similar items in EconPapers)
Date: 2025-01-14
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