The Most Important Thing Today (8/30/23)

The Most Important Thing Today (8/30/23)

Let's talk about labor!

Stagnant Jobless Claims Suggest Softening Labor Market

 

 

  • Both initial and continuing jobless claims were unchanged from the previous week, at 230K and 1702K, respectively.
  • The data indicate that the moderate strength of labor conditions evident in the second half of 2022 has subsided, with the labor market showing slight weakness in recent months.

Source: Helios Quantitative Research, Bloomberg, Department of Labor

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