Jobless claims refer to the number of individuals who file for unemployment benefits after losing their jobs. This data is collected weekly and serves as an important economic indicator, reflecting the health of the job market. A rise in jobless claims may suggest economic distress, while a decline can indicate job growth and stability. The U.S. Department of Labor is responsible for releasing these statistics, which are closely monitored by economists, policymakers, and investors. Changes in jobless claims can influence decisions related to monetary policy and economic forecasts, impacting overall economic conditions in the country.