Podcast: The Extended Order
|Barry C. Knapp||Jun 22|
US innovation, back to work, capex plans recover, wage rigidity and imported deflation
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Figure 2: The widening spread between the cumulative increase in initial claims and continuing claims is our proxy for back-to-work. The insured unemployment rate and continuing claims have stalled implying that the U3 unemployment rate has not changed much since the May employment report. However, our back-to-work proxy points to another gain in employment in June.
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Barry C. Knapp
Ironsides Macroeconomics LLC
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