I guess this is expected when rates are going up? People will want to be on a job to avoid defaulting on a loan/mortgage. Is it good that the current job market allows for such low figures? My initial thought is that people currently will put up with a lot more bullshit so that they make sure that the next due payment can be paid. Some unionization efforts might suffer from this IMO
> One potential red flag: The number of raw or actual claims — before seasonal adjustments — was much higher last week compared to the same week a year earlier. But so far there’s little sign of a trend.
Even if the market consisted only of companies that were consistently laying off 10% of remaining employees a month the number of new claims would be decreasing.
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[ 3.5 ms ] story [ 18.3 ms ] thread> One potential red flag: The number of raw or actual claims — before seasonal adjustments — was much higher last week compared to the same week a year earlier. But so far there’s little sign of a trend.
Even if the market consisted only of companies that were consistently laying off 10% of remaining employees a month the number of new claims would be decreasing.