It's time for last week's unemployment report.
Initial claims fell by 10,000 to 230,000, basically flat, and continuing claims fell slightly to 1.7 million.
Rather unsurprisingly, claims in Hawaii spiked.
Burning down half an island has a way of doing that.
Also, in more definitive news, mortgage rates hit 7.23%, the highest rate in 22 years.
I expect the Fed to continue raising rates. They want their damn recession.
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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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