September 30, 2021 – To build an understanding of the current market trends that are impacting the Memphis Metro area, the Chamber has been releasing monthly updates to our economic recovery.
To best gauge and position insights related to market activity, we are looking at the region through two lenses. The first is through the lens of traditional monthly indicators. These measures include the lower frequency jobs and unemployment figures and are often seen as lagging indicators of labor market activity. The second lens is through higher frequency weekly indicators. These measures include weekly unemployment insurance claims and job postings. Often, the higher frequency indicators are seen as leading indicators and can signal worsening or better employment outcomes for the region against the monthly reports.
[Read more…] about Monitoring Recovery | Indicators to Watch (September 2021)