Below is a chart and brief excerpt from today’s Market Situation Report written by Tier 1 Alpha. If you’re interested in learning more about the Hedgeye-Tier 1 Alpha partnership, there’s more information here. |
The chart illustrates a sustained divergence between initial and continued unemployment claims over the past quarter, with continued claims charting a higher path. This pattern hints at the growing challenge of finding desirable employment after job loss.
Despite a historical high in the number of people working both a primary and secondary job, initial claims remain low, not yet breaching the 300,000 mark, considered significant enough to impact the unemployment rate meaningfully.
For the week ending December 16, initial claims saw a slight uptick to 205,000. Meanwhile, the insured unemployment rate held steady at 1.3 percent, with the number of insured unemployment slightly decreasing to 1,865,000. These figures reflect a labor market that is, for the moment, relatively stable.
From the crew at Tier1. Thanks for all the support! Have a safe and enjoyable Christmas!
Learn more about the Market Situation Report written by Tier 1 Alpha. |
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