Less People Employed With A Softer Economy
b'The Department of Labor issued the largest methodological 30 year change in the way they account of the Jobless Claims data. Joe Brusuelas says that the revisions go back to June 2021 and account for layoffs in the business, professional, finance, and tech services. He still expects a 3.5% unemployment rate. The jobs report tomorrow will indicate whether laid off tech employees are getting employed quickly or not. Brusuelas says that if we go below 200K, that may be a one and done for the Federal Reserve.'