Is Stock Market Signaling Recession Extension? Unemployment Data Could Provide The Answer - News Summed Up

Is Stock Market Signaling Recession Extension? Unemployment Data Could Provide The Answer


gettyOn Thursday (November 5), the DOL "Unemployment Insurance Weekly Claims" report is released. Why ignore the "Unemployment Insurance Weekly Claims" report? In a recession, however, temporary unemployment can evolve into extended unemployment for many. The short-term grouping of unemployed John Tobey (FRB of St Louis)Now, note the recessionary shift of the unemployed into the longer-term groupings... Longer-term unemployment numbers John Tobey (FRB of St Louis)What insight will the October data provide?


Source: Forbes October 31, 2020 11:03 UTC



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