Report
Data Round-Up: Initial UI Claims Remain Low, Job Openings Climb
posted by Michael Lewis on October 09, 2014
Found in US, categorized in Growth Outlook and Business Cycle
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Headline
Initial UI claims remain low, likely reflecting little more than the ordinary frictional job changes in a healthy economy. Job openings reached a 13-year-high this summer.
Abstract
FMI’s review of the latest Weekly Initial UI Claims data and this week’s August Job Openings & Labor Turnover Survey (JOLTS) results. Also this morning, Wholesale Inventories were reported up +0.7% in August on top of a small upward revision to July. With about half the inventory data in for 14Q3, FMI believes that the non-farm inventory change component was a moderate drag on real GDP.