US initial jobless claims fell to 235,000 last week, down 10,000 compared to the previous week. With unemployment still historically low, but theIndeed Hiring Lab research director Nick Bunker joins Wealth! to give insight into the state of the labor market and what both investors and workers need to know moving forward.
And you know, indeed measure of job postings have drifted down over the last two years, but they're still well above pre panem levels and specifically to the U I claims data, we're still seeing rates of layoffs are still very low.In the spring of 2022 the ratio of job openings, unemployed workers close to two now it's back to 1.2.It's moderated and it's in a good spot right now.
So I think that means you want to take a look at what happens to employment and say construction, um or other um interest rate sensitive sectors like manufacturing and what we've seen from the data recently, particularly when it comes to construction is that, you know, there's still healthy job gains there.
And in some cases much longer than it used to where there are some other sectors where demand is still robust right now and your period out of uh work might not be that long.
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