substack.com/home/post/p-...
Link: substack.com/home/post/p-...
Link: substack.com/home/post/p-...
1/ The last claims report of 2025 ends on an upbeat note, with initial claims at 199K - below year-ago levels, and right around two-year-ago levels.
I would have expected any sizeable increase in layoffs to show up in this data by now.
(Caveats for holiday noise etc)
1/ The last claims report of 2025 ends on an upbeat note, with initial claims at 199K - below year-ago levels, and right around two-year-ago levels.
I would have expected any sizeable increase in layoffs to show up in this data by now.
(Caveats for holiday noise etc)
It was all a dream
It was all a dream
1/ Initial claims at 214K, showing no perceptible increase in layoffs.
My estimate is the peak impact of the layoffs announced in October/November will be small, about +12K per week, materializing in early 2025.
1/ Initial claims at 214K, showing no perceptible increase in layoffs.
My estimate is the peak impact of the layoffs announced in October/November will be small, about +12K per week, materializing in early 2025.
>2% is quite strong in an environment with negligible labor input growth
>2% is quite strong in an environment with negligible labor input growth