Economic Take

A Bullish Drop in Unemployment

May 7, 2019

Fluctuations in official unemployment metrics can be caused by a number of things, from seasonal distortions like holidays and bad weather to changing outlooks among today’s workers. April’s jobless claims were slightly elevated—but this could actually be seen as a positive. People are entering the job market as they see more opportunities open up, but finding and starting a new position takes time.