Jobless claims for week ending June 19th, 2021 continue their descent as an overall trend. As jobless claims go down we should see some pressure on wages to move up as labor supply shrinks.
"In the week ending June 19, the advance figure for seasonally adjusted initial claims was 411,000, a decrease of 7,000 from the previous week's revised level. The previous week's level was revised up by 6,000 from 412,000 to 418,000. The 4-week moving average was 397,750, an increase of 1,500 from the previous week's revised average. The previous week's average was revised up by 1,250 from 395,000 to 396,250." (See Jobless Claims June 19th, 2021)
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