US Economy Remains Vulnerable Amid Wave Of Ongoing Layoffs
Employment is expected to rebound again in this week’s update on payrolls in July, but it’s still premature to equate positive monthly hiring comparisons with an all-clear signal for the labor-market and economic outlook. A more reliable measure of what’s brewing can be found in two weekly reports: initial and continuing jobless claims. On both fronts, the numbers are still flashing warnings.