The number of Americans filing unemployment claims remains extraordinarily low andthat only 186,000 people filed new claims for jobless benefits last week, the lowest since April of last year.
Continuing claims, however, ticked up by 20,000 to 1.675 million, which could be a sign that some people are taking longer to find new jobs.about tech layoffs. But in recent days, labor market anecdata has showed a somewhat brighter picture. Sure, some high-profile companies have announced layoffs lately, including Microsoft , Alphabet , and Goldman Sachs .
But this week also brought news that Walmart, the largest private employer in the U.S., raised its minimum wage for hourly employees by two dollars to $14, and said it will increase average hourly pay for store employees to $17.50. And this morning, Chipotle said it will hire 15,000 workers for its burrito restaurants in the coming months.If you just focus on the most prominent companies, you're missing the overall story of strength in the labor market.
From my own experience and from what I'm hearing from my friends and colleagues, they're getting calls from recruiters for executive level positions. Here in LA, I see crowded restaurants and bars. Not personally seeing recessionary signals.
Lets look at in February and that number will be dramatically changed
😂
BS