Market Commentary: Slow Start For Stocks Despite Solid Job Gains
Carson Wealth
JANUARY 8, 2024
The top panel of the chart below shows initial claims for unemployment benefits across the entire year (2023 in dark blue), compared to claims in 2022 (gray) and the average across 2018-2019 (yellow). It indicates layoffs remain low, which is why initial claims for unemployment benefits match the low levels seen in 2022 and even 2018-2019.
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