The number of Americans filing applications for jobless benefits rose marginally from near a 49-year low last week, suggesting underlying strength in the labor market and broader economy.
Job openings have surged at U.S. manufacturers of durable goods from machinery to cars in recent months, suggesting factories have plenty of demand despite recent tariff obstacles.
There were 1 million more jobs than unemployed workers in the most recent government count of job openings, according to a Labor Department release Monday.
The U.S. services sector expanded in the month of November, according to data released Thursday by the Institute for Supply Management.
Bespoke studied what happens when short-term interest rates rise above longer-term rates and found that when the 3-year and 5-year spread inverts, as it did Monday, other spreads soon follow, and so does a recession.