When we see all these jobs numbers – job openings, unemployment rate and claims, hiring, non-farm payroll, etc. – what period of time do these reports reflect?
I know these reports lag and do not capture the present state of the economy. For instance, recessions are often declared 3-6 months after they actually happen.
How much of a lag do these reports typically reflect – 4 weeks? 3 months? 6 months?
In: 4
The report will specify. There is no “standard” time period so every report must state it.
Some data will be released fairly quickly (days or weeks) others might be delayed (months/quarter). The quickly released reports are generally subject to future adjustments.
Things like “recessions” have a definition but usually are reported as analysis rather than data.
Inflation is at an annualized rate of x% in the month of ABC is a report. “The data indicates a recession” is an analysts opinion. You have to distinguish between the two.
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