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\\u2022 Welcome to the eleventh edition of our podcast series: Talking Data which offers timely insights into macro data and its impact on the economy and markets.
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\\n\\u2022 Our podcast features Jim Bianco of Bianco Research and Ben Breitholtz of Arbor Data Science.
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\\n\\u2022 U.S. unemployment claims remained elevated at 840,000 last week as the labor market flashes signs of a slowdown and more layoffs become permanent.
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\\n\\u2022 CA can\'t count! How is that affecting claims?
\\n- The state currently accounts for over 28% of all initial claims in the country. Prior to the pandemic, the state typically accounted for 10%-20% of all initial claims in the country.
\\n- Once they get rid of the fraud, will the numbers DROP?

\\u2022 What does Google Search say about jobs?
\\n- The job applications topic has retreated over the past two weeks. JOLTS job openings corroborate the slowdown, falling in August for the first time in four months.

\\u2022 The reopening is slowing
\\n- Back in June, the consensus was expecting a massive growth quarter of more than 11%. This forecast has been falling hard and is now just 3.58%. While 3.5% is a decent quarter, there are no assurances this forecast is done falling.
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\\nFor further information on Arbor Research, Bianco Research and Arbor Data Science, please contact Gus Handler at gus.handler@arborresearch.com.