Can We Trust the Jobs Data?

Articles From: Real Vision
Website: Real Vision

U.S. initial jobless claims have dropped back to 50-year lows. But does that mean the labor market is strong? Rising unemployment is a defining factor for U.S. recessions. Currently, unemployment is low, and jobless claims are falling. But could the true employment outlook be far weaker than the “strong” claims data suggests?

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Originally Posted January 27, 2024

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