Looks like jobs are increasing and unemployment is declining. We might also start to see increases in wages as well in a way that improves upon income levels of different sectors of society. If capable of improving upon our labor wearable tech, education and innovation we might also be able to upswing our productivity (matched with improved cluster environments rip for development and investments) and draw additional investments as higher levels of skills, knowledge and abilities increase {..the purpose of creating investment ripe environments that lead the market with research and new products.}. That would have an impact on labor and the availability of highly productive human capital {...from a speculative stand point.}
I took this from the DOL press release below.....
"In the week ending July 17, the advance figure for seasonally adjusted initial claims was 419,000, an increase of 51,000 from the previous week's revised level. The previous week's level was revised up by 8,000 from 360,000 to 368,000. The 4-week moving average was 385,250, an increase of 750 from the previous week's revised average. The previous week's average was revised up by 2,000 from 382,500 to 384,500."
If lean in closer to look at Michigan Weekly unemployment claims since the beginning of the year, you will find unemployment claims drastically declining leading to fuller employment {I wonder if 3-4% unemployed for entire economy is fully employment? Meaning....there is just enough wiggle room for labor fluidity but everyone can find a job and wages generally rise.🤔} See Michigan Unemployment 2021 Jan to July
What we really should look at is whether we are digitizing and our labor pool is adjusting. Which industries are laying off and which are hiring? That will lead to a better understanding of how the market is shifting on a state and national level. See US Global GDP Lift Projection. Stronger digital currency and digital GDP will make a big difference. See Govt. Mind GDP and Powell Goes Crypto!
You can also look at what business owners think about 2021. See Guidant Financial 2021 Small Bus Survey You may want to review National and Michigan business applications. See 2021 MI. Business Applications.
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