Another predicament.
Continuing Jobless Claims now rising the most since the Great Recession.
This index tracks the unemployment rate with an exceptional 0.97 correlation since 1968!
Keep this in mind.
The labor market holds the key for the business cycle. pic.twitter.com/tScvtwgyOe— Otavio (Tavi) Costa (@TaviCosta) January 10, 2020
Growth in total hours worked has slowed to its weakest reading since 2010. This is consistent with ECRI's 2018 slowdown call. #Jobs pic.twitter.com/wynw3ckbHl
— Economic Cycle Research Institute (ECRI) (@businesscycle) January 10, 2020
https://twitter.com/hks55/status/1215450402159779841
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