Jobs, Recession, Inflation -- Tea Leaves -- June 3, 2022

From The WSJ today:

• employers added 390,000 jobs in May;
• unemployment steady at 3.6%
• jobs grew at slowest pace since April of last year, hinting that labor market is starting to cool;

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Re-Posting

The numbers below refer to "jobless claims."

From May 19, 2022:

From May 15, 2022:

I remember doing the same back-of-the-envelope analysis in the early days of the blog and coming up with similar numbers. 

Link here. Or direct to paywalled MarketWatch.