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US Jobless Claims Uptick Looks Like Another False Alarm
US jobless claim were a nonevent Thursday. I mention them only in the context of the two prior weeks
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Check out the article in today’s FT titled “Employers hold the cards now’ as power shifts in US jobs market”
Most labor metrics are coincident or lagging indicators. Average work week is one exception. The distortions from covid makes models less reliable though.