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…