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diversity Archives • Mission Flywheel
Month-to-month increase in unemployment came from a surge in one category (BLS, NBER)

Hiring rate reaches a 10-year low

Month-to-month increase in unemployment came from a surge in one category (BLS, NBER) – In July’s disappointing report, almost the entire month-to-month increase in unemployment came from “unemployment due to temporary layoff,” i.e. people who expect to be recalled to work. A sign of impending recession? Probably not.