Employment Is Still Very Weak
Unemployment and many other labor measures are at their worst levels in decades.
– “Job Market Is Flashing Many Warning Signs” (subscription required), Mark Gongloff, The Wall Street Journal, July 9
Initial claims for jobless benefits fell to 565,000 for the week ended July 4, The Labor Department reported this morning. But initial claims are still especially high and almost 7 million are currently receiving unemployment benefits.