Jobless claims dip to 3-week low of 191,000 – labor market still strong

https://www.marketwatch.com/story/jobless-claims-dip-to-3-week-low-of-191-000-labor-market-still-very-strong-fd75abd1

by mennaali • 3 years ago

10 3 3 years ago

I guess this is expected when rates are going up? People will want to be on a job to avoid defaulting on a loan/mortgage. Is it good that the current job market allows for such low figures? My initial thought is that people currently will put up with a lot more bullshit so that they make sure that the next due payment can be paid. Some unionization efforts might suffer from this IMO

alexfromapex• 3 years ago

Funny to read this then the subheading "Yet layoffs are likely to rise if U.S. economy weakens "

roundandround• 3 years ago

New< jobless claims
One potential red flag: The number of raw or actual claims — before seasonal adjustments — was much higher last week compared to the same week a year earlier. But so far there’s little sign of a trend.

Even if the market consisted only of companies that were consistently laying off 10% of remaining employees a month the number of new claims would be decreasing.

Jobless claims dip to 3-week low of 191,000 – labor market still strong

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