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Thoughts on the latest jobless claims ahead of NFP
Watching the jobless claims numbers come in lower than expected this morning, it definitely reinforces the idea that the labor market is still pretty tight. Makes me wonder if the Fed has any real room to maneuver on rates soon, or if we're looking at 'higher for longer' for a good while yet. Keeping an eye on $BIOC and other micro-caps, as sustained higher rates could really squeeze some of the smaller players needing access to cheaper capital for growth. How are others thinking about this data going into the NFP report?
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Agree, the jobless claims definitely complicate the Fed's path. While higher for longer seems plausible, I wonder how much of the tightness is due to actual demand vs. structural labor shortages. Could a soft landing still be in play if inflation comes down?