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Individual States See A Wide Range To Labor Market Rebalancing

US DATA
  • We wrote in our 1232ET bullet on the share of states triggering a Sahm rule.
  • Despite warning about using this approach beyond a national level, the sheer range to the evolution in the unemployment rates across states is still nevertheless notable.
  • (For the eagle-eyed, we believe the fact that a majority sit above the national figure is down to greater seasonally adjusted volatility in the state-level data).

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