High-Freq Data and DOGE Monitor - 2025-09-24
Date:
Thursday, September 25, 2025
Summary:
Jobless claims crazy low, and below the consensus. Like we keep saying -- the Fed is panicking about the jobs market for all the wrong reasons. It's tight, not loose. And in the background, national office utilization breaks out to new post-pandemic highs as people gradually keep returning to the (non-home) workplace.