US unemployment assistance programs increased just last week
Unemployment benefit packages are an indicator of layoffs
and are being closely watched by economists as the Federal Reserve
If the Fed's rate hikes point to a recession,
as many economists fear,
So far, the number of jobless claims remains quite low,
showing that people are participating in an excessive degree of job security
In the coming weeks, many employees with temporary jobs during
the winter weather holidays will lose their job and seek unemployment assistance
The government seeks to seasonally alter the data to
account for job losses, but the changes are not always perfect.
The Fed is looking for a slow boom in
activity and the pace of wages will rise as part of its efforts to fight inflation
The central bank has raised prices seven times this year,
making it more expensive for buyers to get home and car loans
To date, increases in interest prices have
pushed mortgage prices above 6%, nearly double
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