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Jobless Claims & JOLTs Confirm 'Higher Hire, No Fire' Economy
Jobless Claims & JOLTs Confirm 'Higher Hire, No Fire' Economy
With JOLTs data showing record hiring (and ADP signaling acceleration in job additions), today we get some signal on firings as the number of Americans filing for unemployment benefits for the first time was at 200k last week (below the 205k exp) and continuing to languish near multi-decade lows (near 1967 lows!!)...
Source: Bloomberg
Non-seasonally adjusted across all the states saw a 299k drop in claims led by Rhode Island and Arizona (California and Michigan saw the biggest increases)...
Continuing jobless claims also...
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