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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 πŸ‘€

Sam Ro, CFA
Jul 25, 2022
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Prominent economist raises doubts about a troubling labor market indicator 🧐

www.tker.co

Most major economic indicators show the labor market β€” while showing signs of potential cooling β€” 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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