, a proxy for layoffs, decreased by 16,000 to a seasonally adjusted 225,000 last week, the Labor Department said Thursday. That was near the 2019 weekly average of around 218,000, when the labor market was also robust.
Yeah fell as unemployment is finally running out.
Cool now post how many people don't claim benefits and how many are having to work 2 if not 3 jobs under the biden inflation... 😐
Sure, low wage jobs for entry level positions will create more middle class citizens. 'Chipotle' hiring.
Year end is the in the black season. That many are keeping employees as a last gasp before 1/1/23 reality is not dispositive. tt:lizpeek berthacoombs
Correct me if I'm wrong, but doesn't a reduction in jobless claims need to be coupled with a rise in the Labor Force participation rate for that stat to be interpreted as written? simply states that Jobless Claims are a 'proxy for layoffs', which is an oversimplification.
He did that. Cope and seethe, Jack!
kenm77 Great news 🇺🇸