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 claims ticked up 3.5% it continues to stay at the post pandemic lows.