Name: Will Wages Increase According To The Jobless Claims?
Uploaded: 2023-02-02T20:00:46.588
Duration: 8 min 6 s
Description: Jobless Claims numbers were released and came in below 200K for a third time. Initial claims came in at 183K. Non-farm productivity was at 3%, while unit labor costs were at 1.1%. "There are still a lot of people not participating in the labor pool, which is what the Federal Reserve is trying to evaluate. This is keeping tight employment conditions than in pre-pandemic," says Dan Deming.

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Jobless Claims numbers were released and came in below 200K for a third time. Initial claims came in at 183K. Non-farm productivity was at 3%, while unit labor costs were at 1.1%. "There are still a lot of people not participating in the labor pool, which is what the Federal Reserve is trying to evaluate. This is keeping tight employment conditions than in pre-pandemic," says Dan Deming.