Initial Jobless Claims Surge Across U.S.

Fallout from the coronavirus is rapidly catching up with the U.S. labor market. Initial unemployment insurance (UI) claims are a “leading economic indicator,” meaning that initial UI claims start to rise before the unemployment rate starts to rise and GDP starts to fall. The stock market is another leading economic indicator. More on landing vs. lagging indicators of economic health to follow soon…

Related Readings:

LA Times (3/17/20): 18% of U.S. workers have lost jobs or hours since coronavirus hit, poll finds

Politico (3/17/20): Coronavirus layoffs surge across America, overwhelming unemployment offices


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