The rise in continuing claims by 33,000 suggests increasing challenges for job seekers as job openings continue to drop.
Trend continues to follow your typical rise in continuing claims after the 10 year / 3 month inverts. pic.twitter.com/xUlNwKmlo2
— Don Johnson (@DonMiami3) July 20, 2023
The initial jobless claim remains within the typical trend that occurs after a 10year/3month inversion.
Claims decreased by 9,000 to 228,000, reaching the lowest level in two months and beating market expectations. pic.twitter.com/ErgVDazCSb
— Don Johnson (@DonMiami3) July 20, 2023
#Hope Existing home sales continue to fall at the fastest pace since 2008 – the market is hanging on by a tiny thread (new home sales by a select few builders). Rate locks are keeping inventory low – what will happen when job losses increase & Fed cuts rates? pic.twitter.com/Gw8WV5nRm6
— Don Johnson (@DonMiami3) July 20, 2023