Podcast: The Extended Order

Listen now (10 min) | US innovation, back to work, capex plans recover, wage rigidity and imported deflation Please listen to our podcast for a summary of the latest weekly note from Ironsides Macroeconomics: https://ironsidesmacro.substack.com 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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