Now is the time for labor market analysts to turn to qualitative data insights. Survey data keeps pouring in, showing a resilient labor market that seems to be contradictorily weathering low expectations […]
Job separations were not any greater than any other July since 2010 – except for the pandemic years. Bureau of Labor Statistics JOLTS data release (September 4th, 2024) shed light on July’s […]
The balance of risks of the Federal Reserve dual mandate remains on the price stabilization side (mostly from wage inflation). July’s uptick in the Unemployment Rate, along with the Unemployment Insurance Claims […]
This week marks the third release of Unemployment Insurance New Claims since the unemployment rate rang the bells on what looked like a weakening labor market in July, thereby raising expectations for […]
Federal Open Market Committee’s meeting minutes (July 30–31, 2024) show that the Fed’s staff see the Labor Market as rebalancing instead of weakening (read US labor market is neither shrinking nor expanding, […]
Considering recent data on Unemployment Insurance Claims where new issues are both not outstanding, and within the trend (227,000), as well as employment payroll lackluster additions (114,000), what labor analysts observe is […]
Recent uptick in the Unemployment Rate may be a spillover of the so-called “Great Resignation”. The main effect of the phenomenon has been a tight Labor Market where employers struggled to find […]
Inflation remained persistently sticky during July 2024. Reported Data on Headline Inflation for the month read at 2.84 percent change on over-the-year basis. Change over-the-month totaled 0.15 percent. The current over-the-year change […]
The reported number of unemployed people (7,163,000) plus the weekly mean of Unemployment Insurance Initial Claims (240,000) pushed the US Unemployment Rate to almost 4.4% during the month of July 2024. Interpreting […]
Despite recent labor market cooldown news, data show price increases may have a greater risk than unemployment rate increases. Analysts looking to understand the balance of risk within the Federal Reserve dual […]
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