• Labor market has cooled in an orderly way
  • Consumer balance sheets are ok
  • Companies say labor market has softened a little, things look reasonably ok
  • Took notice of layoff announcements but at same time unemployment insurance claims were stable

I haven't seen any private sector economists tallying until initial jobless claims but there are Fed officials noting that state-level unemployment claims are still being published and they can synthesize initial jobless claims from those. Their comments are all like Musalem's who say they've been stable.

Source: Investing Live