Stifel chief economist Lindsey Piegza on what could be behind the labor shortage
Initial jobless claims fell below 400,000 for the first time since the early days of the Covid-19 pandemic as the labor market continues to recover, the Labor Department reported Thursday. Despite the decline in weekly claims, continuing claims rose by 169,000 to 3.77 million. That data runs a week behind the headline claims numbers. Lindsey Piegza, chief economist at Stifel, joined "Squawk Box" on Thursday to discuss.
Thu, Jun 3 20219:09 AM EDT