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. The 4-week average decelerated to 199,250 from 206,500, the lowest level since October 1969.