07 July 2023

First Friday of the Month

Starting from Thursday, we have initial unemployment claims up by 12,000 to 248,000, which is in line with the "Before Times", while continuing claims rose by 13,000 to 1.720 million,  and job openings fell by 496,000 to 9.824 million in May.

The quit rate rose in May, but is still much lower than it was last year.

Today, the first Friday of the month jobs numbers dropped, employment growth is down, as is wage growth, while the unemployment rate fell by 0.1% to 3.6%.

I figure the Fed will be raising rates again.





 

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