Claims At 57-Year Lows, Sentiment Near Record Lows, Hires Rate Stuck At 3.4%: The Labor Market's Trilemma Gets A Hawkish Twist
Summary
Claims At 57-Year Lows, Sentiment Near Record Lows, Hires Rate Stuck At 3.4%: The Labor Market's Trilemma Gets A Hawkish Twist Three datasets, three different economies. In one, layoffs are scarcer than at any point since Nixon's first year in office. In another, consumers are only a few points above the most miserable reading in the 70-plus year history of the University of Michigan survey. And in the third, hiring has been so sluggish for so long that a single blowout payrolls print barely dents the 12-month average. Last week we called this " Low Hire, Low Fire, Low Inspire ", and then the…
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Claims At 57-Year Lows, Sentiment Near Record Lows, Hires Rate Stuck At 3.4%: The Labor Market's Trilemma Gets A Hawkish Twist
Claims At 57-Year Lows, Sentiment Near Record Lows, Hires Rate Stuck At 3.4%: The Labor Market's Trilemma Gets A Hawkish Twist Three datasets, three different economies. In one, layoffs are scarcer than at any point since Nixon's first year in office. In another, consumers...
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