Jobless claims -- no sign of cracking

Investment Analysis Clubs Macro Economic Trends and Risks
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Jobless-claims retreat is a sign that recent increase was not the start of a trend
https://www.marketwatch.com/story/jobless-claims-retreat-from-2-month-high-6a5b6ada?mod=home_lead
Initial unemployment-benefits claims fell in the latest week, easing concerns that a spike in the prior week was the start of a higher trend. First-time jobless claims fell by 5,000 to 229,000 in the week ended Aug. 23, the Labor Department said Thursday…

Economists are watching the claims data closely for signs of weakness in the labor market. Payroll employment slowed over the summer, but other indicators have pointed to a steady labor market.

DB2

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We are hiring for the fall.

But we know there is risk. We are done hiring now, which is earlier than usual for the time of year