High-Freq Data and DOGE Monitor - 2025-03-19
Date:
Thursday, March 20, 2025
Summary:
The high-frequency data is steady, with new claims low and slightly beating the consensus. The DOGE effect continues to be noticeable but very small, with federal employee jobless claims only 0.1% of payrolls. Technical note: we now break out federal employee jobless claims separately; they are not double-counted in state claims such as DC, Virginia or Maryland.