220K Americans filed new unemployment insurance claims in the week ending 11/15, similar to prior week's 228K.
Continuing claims also steady.
These have remined steady & are more reliable than corporate layoff announcements in measuring layoffs.
220K Americans filed new unemployment insurance claims in the week ending 11/15, similar to prior week's 228K.
Continuing claims also steady.
These have remined steady & are more reliable than corporate layoff announcements in measuring layoffs.
-33K jobs in revisions of prior 2 months.
The big picture
-33K jobs in revisions of prior 2 months.
The big picture
Hires rate like 2011 is particularly worrisome, falling since Fed's hikes (figure).
Jobs have been stable for employed but tough for small share unemployed and wage growth has decelerated.
Hires rate like 2011 is particularly worrisome, falling since Fed's hikes (figure).
Jobs have been stable for employed but tough for small share unemployed and wage growth has decelerated.