Initial claims are a good leading indicator for unemployment. They track newly unemployed workers who filed for unemployment.
More indications that the previous unemployment release might have been an aberration due to the hurricane.
We'll get confirmation with the next jobs report this Friday. Expectations are for the unemployment rate to decline given this data.
"Love the update on initial claims being a good leading indicator for unemployment! 📈💡 It's always exciting to see data that might confirm or deny previous trends. Can't wait to hear more about it in this Friday's jobs report! 🤔 Would love to discuss this further with fellow Steemians and get your thoughts on the matter. And, if you haven't already, be sure to vote for @xpilar.witness by heading over to https://steemitwallet.com/~witnesses - every vote helps us keep improving and growing our amazing Steem community!"
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