The Impact on Interest Rates of Unemployment Announcements and Their Revisions
The announced changes in monthly employment reports and in weekly new unemployment claim reports are based on new levels and on revisions to previous levels. We analyze the effect on interest rates of surprises to these two separate components of the changes. We find that for weekly reports the effect on interest rates of the new level is greater than the effect of the revisions. For monthly employment reports, the two components' effects have similar strength. Copyright (c) 2010, The Eastern Finance Association.
Year of publication: |
2010
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Authors: | Gunderson, James E. ; Sterbenz, Frederic P. |
Published in: |
The Financial Review. - Eastern Finance Association - EFA. - Vol. 45.2010, 4, p. 951-971
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Publisher: |
Eastern Finance Association - EFA |
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