since around last October, defying the typical pattern of holiday strength. The real question as we move into February and the seasonals smooth out, is whether we'll start to see more of an uptick.
Do these seem like the type of people heading to immediately file for jobless benefits? I highly doubt it. So the cuts we've seen in tech are unlikely to show up right away in the weekly claims figures, which again means this series is understating the current loss of momentum in the labor market.already seeing a clear slowdown is in the monthly U.S. jobs report. Job gains have slowed from a breakneck pace of half a million per month a year ago to half that pace in the past six months.
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Cold as ice