'Low-Hire, Low Fire, Low-Inspire' Economy Rolls On With Jobless Claims Holding Near 60-Year Lows
Summary
'Low-Hire, Low Fire, Low-Inspire' Economy Rolls On With Jobless Claims Holding Near 60-Year Lows The number of American filing for unemployment benefits for the first time dropped (again) last week to 194k (less than the 198k exp) - basically in line with 60 year lows ... Continuing Claims also ticked back down, very close to 3 year lows... The cleanest way to reconcile it is that this is a "low-fire, low-hire” labor market, with employers hoarding labor, not shedding it. Of course, claims remain a poor gauge of how hard it is to get hired, since new entrants, re-entrants, and gig workers…
Description from Zero Hedge.
Who is covering this
-
'Low-Hire, Low Fire, Low-Inspire' Economy Rolls On With Jobless Claims Holding Near 60-Year Lows
'Low-Hire, Low Fire, Low-Inspire' Economy Rolls On With Jobless Claims Holding Near 60-Year Lows The number of American filing for unemployment benefits for the first time dropped (again) last week to 194k (less than the 198k exp) - basically in line with 60 year lows ......
