At least 19% of the rise in the unemployment rate since last year can be explained by the increase in the labor supply. Since 2021, the return of workers to the labor force, in addition to immigration and population growth, has been a key driver of overall unemployment in the United States. Even though ... READ MORE >
Sahm Rule Recession Indicator
Jump in initial jobless claims signals an impending recession
Weekly claims for unemployment benefits jumped to 281,000 for the week ending March 14, likely the first sign of the catastrophic disruption to normal life and an impending economic recession caused by the spread of the coronavirus. The only real question now is if the damage caused by the shocks ... READ MORE >