The main takeaway on the labor front this week is that while the US more broadly muddles further along, the energy economy is hemorrhaging.
The chart below shows the spread continuing to widen between our energy state basket and the rest of the US. For reference, we use 8 states: AK, LA, NM, ND, OK, TX, WV & WY to derive our energy state basket. The gap between our two indexed series widened another 4 points to 46 for the week ended November 28th.
The most recent dip in energy prices has yet to be reflected in the numbers.
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