Are Business Applications Early Economic Indicators?

Autor:	Jose Asturias, Emin Dinlersoz, John Haltiwanger, Rebecca Hutchinson
Rok vydání:	2023
Předmět:	General Medicine
Zdroj:	AEA Papers and Proceedings. 113:151-155
ISSN:	2574-0776 2574-0768
DOI:	10.1257/pandp.20231053
Popis:	Are business applications early indicators of economic activity? Our analysis indicates that monthly year-over-year growth in applications for likely employer businesses significantly leads growth in total nonfarm employment and has a positive correlation with it. In addition, growth in applications for likely employers leads growth in almost all other monthly Principal Federal Economic Indicators considered. These findings are robust to the inclusion of the COVID-19 pandemic period. Business applications for likely employers appear to be a strong leading indicator of aggregate economic activity.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::8d1d7f1cdffa88ba9f1d51f10074266c https://doi.org/10.1257/pandp.20231053 Zobrazit plný text záznamu