New unemployment insurance claims edge up 2% to modest 216K in week ending 3/21.
Continuing claims edge down.
The low-fire side of the low-hire, low-fire, deer-in-the-headlights labor market continues.
#NumbersDay
New unemployment insurance claims edge down 8,000 (4%) in week ending (WE) 3/14 to low 205,000. Continuing claims steady.
Low fire side of the low-hire, low-fire, deer-in-the-headlights labor market continues.
#NumbersDay
Many workers have missed shifts without jobs being destroyed making it challenging to measure labor impacts with conventional sources.
We use real-time daily data from Homebase to measure impacts. Thanks to UChicago and Homebase for making the data available.
#EconSky#NumbersDay