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898K Americans filed new regular state + PUA claims for unemployment insurance in the week ending 3/20, down 13% from prior week.
Tho this is still a very high level historically, it's the lowest since 51 weeks ago when we experienced a record-smashing claims spike to 3.3m.
Tho this is still a very high level historically, it's the lowest since 51 weeks ago when we experienced a record-smashing claims spike to 3.3m.
The share of adults employed is lifting off & workers' expectations about the labor market continues its rapid improvement, per new evidence @uscensusbureau #householdpulsesurvey.
The rise in employed share over the last month is corroborated in Bick & Blandin's quasi-CPS.
New tick up to 11.4% in the share of small businesses reporting that they decreased the number of employees during Nov 16-22, @uscensusbureau #SmallBusinessPulse survey. Highest share in 5.5 months.
Share increasing # of employees down for last 2 weeks, lowest in 6.5 months.
Share increasing # of employees down for last 2 weeks, lowest in 6.5 months.
The share rehiring furloughed or laid off employees fell to 3%, its lowest point since start of survey in early August.
The share not rehiring has risen every week with data since early October.
The share not rehiring has risen every week with data since early October.
Expectations worsening.
The share of small businesses expecting that, in the next 6 months, they will need to identify & hire new employees is falling.
Small businesses increasingly say they need public health & liquidity.
The share of small businesses expecting that, in the next 6 months, they will need to identify & hire new employees is falling.
Small businesses increasingly say they need public health & liquidity.
