Initial unemployment claims rose by 7,000 to 198,000, still low by historical standards.
I would note that a lot of this is because ½ million potential workers are dead, another 3+ million are disabled, and perhaps another million decided to retire early.
The employment population ratio remains below its prepandemic levels.
Continuing claims fell to 1,906,497, a decrease of 32,255.
I still think that we are looking at all this through the lens of the before times:
Worker filings for unemployment benefits rose last week but were still historically low, showing that the broader labor market remains robust despite large companies announcing layoffs.
Initial jobless claims, a proxy for layoffs, increased by 7,000 to a seasonally adjusted 198,000 last week, the Labor Department said Thursday.
The level of claims fluctuated earlier this month, but broadly remains low. The four-week average of weekly claims, which smooths out volatility in the weekly numbers, ticked up by 2,000 to 198,250. Weekly claims have remained near the 2019 prepandemic average of about 220,000 for several months.
¯\_(ツ)_/¯
0 comments :
Post a Comment