While nonfarm and ADP payrolls data starts to roll over, along with The Fed’s labor market conditions indicator, initial jobless claims re-plunged back to its lowest since 1973. A significant drop of 16k to 254k is the lowest – except for a brief April dip – in 43 years…
Closer to the next recession…
A couple more things to ignore…
So now what Janet? Brexit decision done and things are holding in there and US jobs are awesome?
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