Prominent economist raises doubts about a troubling labor market indicator 🧐
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Prominent economist raises doubts about a troubling labor market indicator 🧐
Another way of looking at rising initial unemployment claims 👀
Most major economic indicators show the labor market — while showing signs of potential cooling — remains very strong.
However, there has been a troubling recent move in one closely watched metric: weekly initial claims for unemployment benefits.
As you can see in the chart above, initial claims have been rising. The number has gone up for four consecutiv…
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