We have the initial unemployment claims from last week, down by 12,000 to 237,000, the 4-week moving average fell from 253,500 to 246,750, and continuing claims rose by 11,000 to 1,729,000.
This is back to about where it was during the before times.
This is about the level from the before times, so what matters is how the Fed views this.
My guess is that they will still raise rates.
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A member of the Democratic wing of the Democratic party, and a fan of Bernie who thinks Neoliberal (DLC/New Dem) trickle down conomics sucks.Mechanical Engineer with a background in defense, electronics packaging, medical & food equipment, transportation, and manufacturing.
In my spare time (Hah!), I am the developer of the Firefox addon, bbCode for Web Extensions (bbCodeWebEx).
I have two cats, a black cat, and a gray and white long hair cat, who keep me on my toes. (Because he keeps attacking my feet)
I am a Jew and a Zionist, who is married to a woman with exquisitely bad taste in men, and I have two remarkable children with her.
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