Bold Claims
The US economy may be headed into recession faster than many believe, but the labor market continues to resist.
Initial jobless claims fell to just 190,000 last week, the lowest since September and before that, April.
The print was well below consensus, which saw 214,000. Indeed, the lowest estimate from nearly four-dozen economists surveyed was 199,000.
The prior week was unrevised, which means the four-week moving average is now just 206,000, the lowest since May.
Tech layoffs have domin
“Insanity Loop” an apt title for this fiscal epoch. Or possibly all fiscal epochs?
With layoffs, retirements, and multitudes of immigrants streaming across the Rio Grande, I wonder about the supply of working population in the United States sufficient to meet the demand for workers. As reality often goes, things are happening.