The Department of Labor issued the largest methodological 30 year change in the way they account of the Jobless Claims data. Joe Brusuelas says that the revisions go back to June 2021 and account for layoffs in the business, professional, finance, and tech services. He still expects a 3.5% unemployment rate. The jobs report tomorrow will indicate whether laid off tech employees are getting employed quickly or not. Brusuelas says that if we go below 200K, that may be a one and done for the Federal Reserve.
Trading 360
06 Apr 2023
SHARE
The Watch List
01 Feb 2024
Futures
08 Jan 2024
Trading 360
08 Jan 2024
Morning Trade Live
31 Jan 2024
Morning Trade Live
28 Mar 2024
Morning Trade Live
18 Jan 2024