Household Survey Labor Market Recap February 2026. All in all, still a soft report as told by Preston Mui at Enploy America. As he suggests, methodological quirks explain some of the weakness but it only go so far. The Fed will not see this as a reason to cut imminently, but they’ll be on guard. […]

– by New Deal democrat Yesterday’s JOLTS report for November was not stale inasmuch as it was at best delayed by a week or two. But nevertheless, since it was for November it remains somewhat old news that can only help to confirm other data we have already received.  Last month I concluded that the […]

 – by New Deal democrat Initial jobless claims returned to a well-behaved range this week, down -13,000 to 228,000. The four week moving average was in line, increasing 1,000 to 227,000. Continuing claims, with the typical one week delay, declined -37,000 to 1.879 million, which is still near the top end of their 12 month range: […]

January JOLTS report consistent with a softening, but still very strong, labor market  – by New Deal democrat This morning’s JOLTS report for January, unlike the recent payrolls report, generally showed further softening in the labor market. While hires (red in the graph below, normed to a value of 100 as of February 2020) increased 121,000, […]