16 December 2011
OK, this has Been a Good Week for Economic News
Yesterday, we saw the best number for initial jobless claims in 3½ years, dropping to 366,000, with the 4-week moving average dropping to 387,750, though continuing claims rose marginally, and extended claims jumped by almost 10%.
Still, overall, this is good news, particularly when juxtaposed with the fact that inflation is still nowhere to be seen, though the "very serious" central bankers are still chasing that phantom.
Still, overall, this is good news, particularly when juxtaposed with the fact that inflation is still nowhere to be seen, though the "very serious" central bankers are still chasing that phantom.
Labels:
Economy
,
employment
,
Inflation
,
Recession
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