Tag Archives: May 2023

May JOLTS report: continued decelerating trend, but still extremely positive  – by New Deal democrat Let me start out with the statement that has been my touchstone for the JOLTS report for the last year or more: for the last several years, the jobs market has been a game of “reverse musical chairs,” where there are always more chairs than participants. Those employers whose chairs weren’t filled had to increase their wage and/or...

Dueling May jobs reports: establishment report strong, household report pre-recessionary  – by New Deal democrat My focus for this report continued to be whether the leading sectors and other indicators  continued to decline, and whether the pace of growth continued to decelerate. The establishment side of the report was strong, with most leading indicators improving. But the household side was not just weak, it was negative, with an...

Yellow flag from initial jobless claims turns a little more orangey  – by New Deal democrat Initial jobless claims rose 22,000 to 264,000 last week, while the 4 week average rose 6,000 to 245,250. Continuing claims, with a one week lag, rose 12,000 to 1.813 million: Note that both measures of initial claims are at their highest levels since late 2021. Continuing claims are also at those levels, although slightly down from three weeks ago....