News about unemployment

Unemployment Insurance Weekly Claims Initial claims were 208,000 for the week ending 4/27, unchanged from the previous week's revised level. Insured unemployment was 1,774,000 for the week ending 4/20, unchanged from the previous week's revised level. www.dol.gov/ui/data.pdf pic.twitter.com/Bl5shaUi5c

Job openings and quits both fell in March as a wide range of labor market indicators are consistent with a cooling economy--and a labor market that, broadly, is like where it was in 2019--with lower quits but higher openings (with a question of whether openings were trending up). pic.twitter.com/6fjPOvlGBB

April jobs report key takeaways: 1) This is a historic job market w/unemployment under 4% for 27 months 2) Hiring is good, but slowing 3) Healthcare is now the major industry hiring 4) Wage growth is above inflation 5) Signs of cooling = temp help decline, avg work week down pic.twitter.com/sGUHTDZpHJ

The big picture: US unemployment has been below 4% for 27 months. That's an incredible stretch that hasn't happened since the late 1960s. Hiring has slowed in past year, but it's still encouraging: Labor force +1.3 million in the past year as more people look for work. # of… pic.twitter.com/w7QJBgWF4L