Article
Jobless Claims Near 60-Year Lows Amid 'Low-Hire, Low Fire, Low-Inspire' Economy
Jobless Claims Near 60-Year Lows Amid 'Low-Hire, Low Fire, Low-Inspire' Economy
The number of American filing for unemployment benefits for the first time dropped (again) last week to 194k - basically in line with 60 year lows...
Michigan saw the largest rise in initial claims last week while Ohio and Tennessee saw the biggest decline...
Continuing Claims ticked up but remains very close to 3 year lows...
The cleanest way to reconcile it is that this is a "low-fire, low-hire” labor market, with employers hoarding labor, not shedding it.
Of course, claims remain a poor...
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Summary
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