I wonder how’s many of these jobs are second jobs. Because a growing number of second jobs being necessary to make ends meet would be a hidden problem if your modelling is based on total job numbers and until the job total started to exceed the total population by a significant margin you wouldn’t notice it… and the obvious question is if this would be too late to change tactics given that second jobs indicate that the economy is still strained by inflation, with the cumulative pressures driving people to need extra income.
>On Thursday the labor department said the number of people filing for unemployment benefits rose to 260,000 last week, up from 254,000 the previous week.
>The figure, known as initial jobless claims, is seen as a proxy for layoffs, and is now close to its 2022 peak and higher than the weekly average of 218,000 experienced before the pandemic.
