Reported 4 days ago
Jobless claims for the week ending December 27 were lower than expected, prompting economist Thomas Simons to emphasize the disconnect between labor demand and unemployment data. He suggests that small businesses, particularly those with fewer than 50 employees, are crucial for job growth and may be hesitant to lay off workers due to future hiring concerns. Monitoring metrics from small businesses and startups is essential for understanding labor market dynamics.
Source: YAHOO