Since unemployment data is based off of surveys, I assume the announced data reflects some period in the past.
I cannot find information on the "currency metric" of unemployment data.
Does anyone have any ideas?
In case I'm falling for the "XY Problem", here's my initial conundrum:
Imagine I have a real-time unemployment model. If for some week my model claims unemployment is relatively high. At the end of the week the monthly unemployment rate will be announced. Should I bet that the announced monthly unemployment rate will be high? If the data was collected from surveys taken a week ago, it would not be. I need to know when the data was collected.