Who Exactly Is Going To Be Earning More With AI?

Continuing Jobless Claims Hit 3-Month-Highs The number of Americans filing for unemployment benefits for the first time fell from 230k (4 month highs) to 226k (vs 225k exp) last week - elevated but still within the range of the last four years... Source: Bloomberg Pennsylvania and Oregon saw the largest rise in initial claims last week while Ohio and Illinois saw the biggest decline... Meanwhile, continuing jobless claims rose back above 1.8 million Americans - the highest print in 3 months - but still well off cycle highs near 2 million in Q4...

Saudi-led forces bombed the international airport in Sanaa, Yemen, on Monday, reigniting the war with Yemen’s Houthis, officially known as Ansar Allah, which has been in a state of ceasefire that has held relatively well since 2022. The attack was claimed by Yemen’s so-called “internationally recognized government,” which is based in Saudi Arabia and doesn’t […]

'Slow Hire, No Fire' Economy Confirmed As Jobless Claims Drop Near Record Lows The number of Americans filing for unemployment benefits for the first time dropped to just 208k last week - back near its lowest level on record... ...and still showing no signs of stress in the US Labor market. Continuing jobless claims also fell last week to 1.805 million Americans... And all of this positive labor market (no fire) news comes as payrolls suggests weaker growth... It appears the US economy has morphed into a 'slow hire, no fire' regime. ...