Our weekly look at the latest data on new weekly claims for unemployment insurance continues to show a labor market that - at least by this particular measure - remains at pre-pandemic (boom) levels. No sign of a recession in this indicator with data through the week ending Feb. 4th, despite all the talk about one. And, in fact, recent labor market data have led to news items in which economists are starting to talk about the possibility that we will have a so-called "soft landing" and no recession.
As always, the latest claims data are at https://www.dol.gov/ui/data.pdf.
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PS: If you are a member of either the UCLA Emeriti Assn. or the Retirees Assn, there will be program this coming Thursday, Feb. 16, at 1 pm at the Faculty Club at which yours truly will be introducing Prof. Ed Leamer, the former director of the UCLA Anderson Forecast, who will present his views on the economic outlook. See: https://retirees.ucla.edu/event-5135884.
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