U.S. initial jobless claims have dropped back to 50-year lows. But does that mean the labor market is strong? Rising unemployment is a defining factor for U.S. recessions. Currently, unemployment is low, and jobless claims are falling. But could the true employment outlook be far weaker than the “strong” claims data suggests?
Content written by Roger Hirst and presented by his AI Avatar.
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Originally Posted January 27, 2024
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