Daily
POLRECD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
12/6/2019 - 8/31/2022
Summary
The 'Daily' economic trend, measured by the POLRECD series ID, tracks the number of workers filing for unemployment insurance benefits each day. This metric is a crucial real-time indicator of the health of the U.S. labor market.
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 POLRECD series represents initial jobless claims filed with state workforce agencies. It provides an early signal of employment conditions and is closely watched by economists, policymakers, and investors to assess the strength of the economy.
Methodology
The data is collected from state unemployment insurance programs and aggregated by the U.S. Department of Labor.
Historical Context
Policymakers use the daily jobless claims trend to guide decisions on fiscal and monetary policy interventions.
Key Facts
- Daily jobless claims reached a record high of 6.9 million in March 2020 due to the COVID-19 pandemic.
- The 4-week moving average of jobless claims is a closely watched metric for labor market trends.
- Initial jobless claims data is released weekly by the U.S. Department of Labor.
FAQs
Q: What does this economic trend measure?
A: The POLRECD series tracks the number of workers filing new claims for unemployment insurance benefits each day.
Q: Why is this trend relevant for users or analysts?
A: Daily jobless claims provide a real-time indicator of employment conditions and labor market strength, which is crucial information for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected from state unemployment insurance programs and aggregated by the U.S. Department of Labor.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the daily jobless claims trend to guide decisions on fiscal and monetary policy interventions aimed at supporting the labor market and broader economy.
Q: Are there update delays or limitations?
A: The daily jobless claims data is released weekly by the U.S. Department of Labor, providing a timely but lagging indicator of labor market conditions.
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Citation
U.S. Federal Reserve, Daily (POLRECD), retrieved from FRED.