Persistent unemployment and fears of additional layoffs are the true financial counterpoint to the monetary market’s unbridled enthusiasm. This wee
Persistent unemployment and fears of additional layoffs are the true financial counterpoint to the monetary market’s unbridled enthusiasm.
This week’s U.S. jobless report introduced unhealthy information. Whereas economists had anticipated new claims to fall to 1.29 million from 1.57 million the week earlier than, claims fell simply 58,000 to 1.51 million.
Persevering with claims fared even worse. Economists predicted these claims would fall 600,000+ to 19.9 million. As a substitute, they fell a tenth of that – 62,000 – to depart whole persevering with claims at 20.5 million.
On this episode, NLW breaks down what we will study from these numbers after they’re mixed with the beforehand launched Might jobs report.
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