Is the economy really losing jobs? The low number of unemployment filings says no.

February's headline employment report showed job losses, but the low level of new jobless claims suggests the labor market may be healthier than the payroll print implies. The divergence between payrolls and claims could moderate near‑term shifts in Fed expectations until subsequent reports clarify the trend.

Analysis

February's headline employment report showed job losses, but the low level of new jobless claims suggests the labor market may be healthier than the payroll print implies. The divergence between payrolls and claims could moderate near‑term shifts in Fed expectations until subsequent reports clarify the trend.