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Below is a complimentary research note from our Financials analyst Josh Steiner. Check out Josh's product Financials Sector Pro, for the latest financial updates. |
HEDGEYE FINANCIALS WEEKLY LABOR MARKET READING
The domestic economy is reopening, labor markets progress towards normalization, pandemic-related uncertainty is fading, and pandemic benefits are ending. We continue to see a strengthening in the down trend of initial claims data. While the 4-week average rose by 2,750 to 206,250, this is up from the lowest level since mid-November 1969.
