Details: A data feed from a tech company called Homebase, which manages digital timecards for 100,000 small businesses, is flashing yellow.

Fewer employees worked in the last week of June than the rest of the month, suggesting that forthcoming jobless rate could be too low.

“While we may be celebrating a positive report on Thursday, we should be mindful of what the most current data shows us,” said Ray Sandza, Homebase’s vice president for data and analytics. “And it doesn’t look good.”