Transformed Labor Market Means Odds of Getting Laid Off at Historic Lows

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New claims for unemployment benefits are trending at their lowest levels since 1968, underscoring few layoffs in the tightest labor market in half a century

And yet job security today, by some measures, is even better than it was in the economic halcyon days of the late 1960s.

 

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Inflation nearing 10% annually, with CPI already up 10% since Biden tool office. Real interest rates on 30 year mortgages are -4%. Job market overheated, RE sky high. The Fed has done nothing, despite its Humphrey-Hawkins statutory requirement of 'zero per centum' inflation.

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