US consumer inflation accelerates; weekly jobless claims approach four-year high, and it’s definitely a situation that’s got people talking, and not in a good way. It seems like things are heading in a direction that many predicted, and the consequences are starting to hit home. The rise in inflation, as reported by the Labor Department, is the biggest jump we’ve seen in a while, and that’s directly translating into higher prices for everyday essentials.
The other side of this coin is the news about weekly jobless claims. They’re nearing a four-year high, which means more people are finding themselves out of work.… Continue reading
US weekly jobless claims rose more than expected, signaling a softening in the labor market. This increase, while exceeding predictions, doesn’t necessarily paint a catastrophic picture. There’s a natural lag effect to consider; individuals recently laid off often continue receiving severance payments before becoming eligible for unemployment benefits. This means that the current numbers may not fully reflect the impact of recent job losses.
The timing of severance payments introduces a delay between layoffs and a corresponding surge in unemployment claims. For instance, those losing jobs in April might still be receiving severance well into the following months, delaying their need to file for benefits.… Continue reading
Jobless claims rose to a three-month high of 242,000 last week, exceeding analysts’ predictions but remaining within the healthy range observed over the past three years. The four-week average also increased, reflecting a slight uptick in layoffs. This increase, however, is anticipated by some economists to be a gradual rise rather than a sudden surge, potentially linked to upcoming government-mandated workforce reductions. Despite this, the broader labor market remains robust, with low unemployment and continued job growth, though at a slower pace than in recent months.
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Matt Underwood 
John Q. Hosedrinker