Continuing jobless claims
MacroDefinition
Number of unemployed workers receiving benefits beyond their first week. Lags initial claims by one week. Better signal of how hard it is for jobless workers to find new jobs.
The ratio of continuing-to-initial claims widening means displaced workers are staying unemployed longer — a worse signal than a one-week initial-claims spike that quickly mean-reverts.
The ratio of continuing-to-initial claims widening means displaced workers are staying unemployed longer — a worse signal than a one-week initial-claims spike that quickly mean-reverts.