The Household Survey, indicating weaker job data, may reflect the economic cycle’s downturn; Initial jobless claims at 14-month high.

Ahead of tomorrow’s jobs data, this is critical knowledge to have. The Household Survey, which produces the unemployment rate and has been appreciably weaker than the Establishment Survey, which generates nonfarm payrolls, because it’s PROCYLICAL, it’s picking up the cycle’s end. t.co/kE2FRuOw8p

— Danielle DiMartino Booth (@DiMartinoBooth) April 4, 2024

⚠️ Initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 221,000 for the week ended March 30

🇺🇸 layoffs also reach 14 month high pic.twitter.com/yU2VadwAW4

— The Coastal Journal (@1CoastalJournal) April 4, 2024