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kylemcg t1_j3213gz wrote

The lowest its been in three months? Is this really article worthy?

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DoodleDew t1_j322u08 wrote

To people only reading the headline and commenting irrelevant things yea. Typical of all these article posted here

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kylemcg t1_j323cia wrote

I mean the article is a decent overview of the state of the labor market so I shouldn't complain too much.

Kind of a dull read though so I guess they need to click bait it up a bit and hope people don't realize that 14 weeks isn't a very long time.

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TogepiMain t1_j3326hw wrote

Aren't joblessness claims literally filed weekly? It's just the lowest of the last 14 filings. Not everything is clickbait

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Rote515 t1_j32ap0h wrote

Considering the FED has been trying to kill the job market, yeah it actually pretty important, as it means the FED is likely to raise rates again…

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SsurebreC t1_j32l38d wrote

Fed explicitly said they are going to raise rates.

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LazyPiece2 t1_j32p0i6 wrote

Yeah, they said they aren't going to pivot in any way until there is a sustained decline in inflation down to 2%. And their original plan was to continue to raise rates.

Their goal is to kill the job market, though.

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Capt_Blackmoore t1_j335l6r wrote

i wonder if they are having a hard time contemplating that there's a million job openings out there right now - and we're probably short about 2 million possible workers due to Covid deaths, early retirement (because of Covid) and an immigration policy that simply was "No." for most of the last three years.

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LazyPiece2 t1_j3373pt wrote

I think they know very well what it’s going to mean. And they have tried to say it in a way that won’t scare people but I don’t think enough people pay attention. It’s going to hurt. But it’s also the only control that they have. There are other ways to fight inflation without it hurting as badly but that would require legislation and real regulation. And the country just put the GOP in control of the house so I mean we get what we deserve.

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fun__friday t1_j34nl2m wrote

They have targets for both inflation and unemployment. People have been hopeful that inflation is decreasing, so rate increases will slow, but job market numbers like this kinda make it unrealistic.

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halt_spell t1_j35kf6h wrote

Inflation already happened. Take a look at all the billionaires and trillion dollar companies. What they're trying to prevent is that money from bleeding out to the 99% where it will be used to pay off debt which the U.S. economy relies on in order to continue to exploit labor.

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fun__friday t1_j35oqhw wrote

As in their goal is to get inflation below X% and get unemployment rate above Y%. I don’t think either of these goals have been met yet.

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AirborneRodent t1_j33ud4o wrote

This stat comes out every Thursday. There's an article on it every week.

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Jerrymoviefan3 t1_j33gq3a wrote

Every week that report comes out and every week it is posted here so get used to it.

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