'Low Hire, Ho Fire' Economy Confirmed By Latest Jobless Claims Data
The short version
- Continuing jobless claims ticked up modestly but remain near two-year lows, below the 1.8mm Maginot line...
- However, surveys (Conference Board) remain sure it is 'hard to get a job' in this labor market...
- But, the official data (BLS) shows that the American workforce is growing ...
The story
The number of Americans filing for unemployment benefits for the first time remains near multi-decade lows at 206k last week in line with expectations and flat to the prior month...
Continuing jobless claims ticked up modestly but remain near two-year lows, below the 1.8mm Maginot line...
However, surveys (Conference Board) remain sure it is 'hard to get a job' in this labor market...
But, the official data (BLS) shows that the American workforce is growing...
So, today's data reinforces the 'low hire, no fire' economy - hardly a regime that warrants rate-hikes as it seems CEOs are on tenterhooks for what comes next and tightening financial conditions doesn't seem like a positive path... in fact it could be the straw that breaks the camel's back for many firms.
How this story developed
Full timelineAlto has tracked this across 21 days of coverage from 1 outlet.
- Futures Flat As Yields Ignore Oil MeltupZeroHedge
- 'Low Hire, Ho Fire' Economy Confirmed By Latest Jobless Claims DataYou are here
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