Capital goods are defined as products used to manufacture other goods and services (see more here). It is common knowledge that the capital goods new orders indicator is closely related to investments in the economy (see more here). But how do we really use it for forecasting investments? A brief simplified guide is below.
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There are significant changes in the statistical link between initial claims and unemployment across the previous decades.
In a set of articles I try to give an introductory look at the major unemployment analysis indicators. Definitions are available here, an explanation on these indicators popularity here, and some examples on the practical use here. This piece further explores the nature of the link between initial claims and unemployment.