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Layoff trends still subdued


Despite an increase in layoff announcements, initial jobless claims remain low. Revisions confirm the pickup in nonfarm productivity last year. Trade deficit widens at the start of 2024, although trade with China continues to shrink. Continued deflation in wholesale used vehicle prices points to falling CPI for used cars and trucks.

Ned Davis Research | Economics | U.S. Daily Economic Perspectives | Daily

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