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Post
George Pearkes
peark.es
did:plc:pnx2fjuannbdpy3337ggthpp
As shown in the chart below, the SA factor for the current week's data is very stable despite what looks like a persistent seasonal shift. Does this fully explain the rise in claims? Not necessarily, but it's a major confounding factor. My interpretation: labor market slowing, not collapsing.
9/n
2024-07-03T13:55:30.465Z