Unemployment Numbers Better Than Expected, Rate Cuts?

[Michael Carbonare]

https://wolfstreet.com/2025/09/04/despite-all-the-shouting-b...
Just when the “cut rates now” chorus is reaching a fever pitch, Wolf Street drops a reality check: unemployment claims are flat year-over-year and even better than two years ago, and the four-week average remains historically low. This isn't the fragile labor market that pundits want you to believe. Instead, it reflects a resilient, steady foundation.

Let’s break through the noise:
Claims may have ticked up slightly from early August, but compared to data from mid-June, it's a light wobble, not a breakdown.
When we zoom out to the decades-long lens, the current level of initial unemployment claims has only been lower during the tight markets of 2018–19 and the post-pandemic labor shortage years but never before like today.
So I ask: are we reacting to actual stress or just loud headlines?

The data invites us to slow down, take a breath, and question the narrative. A labor market "cracking"? Not seeing it. Are we balancing caution with data, or like every facet of our lives now, tossing political hot takes into the mix?