Us Initial Jobless Claims Fall To Eight Month Low To End 2024
BloombergJAN 5
US Jobless Claims Hit Nine-Month Low
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The Spin
Democratic narrative
As the Biden administration winds down, the labor market is in fine shape, as it has shown an impressive level of resiliency. In general, companies are holding onto their workers, and any moderating of the labor market is normal and no cause for concern.
Republican narrative
The current administration wants to cherry pick the data to present a rosy picture, but the fact is economic growth is expected to slow in 2025, and that'll further hamper job creation. Luckily, the Trump administration is on the way to institute better policies.
Metaculus Prediction
There's a 50% chance that the annual US unemployment rate will be at least 6.16% in 2027, according to the Metaculus prediction community.
