Initial unemployment claims were flat at 209,000, marking the 4th straight week below 210K, and continuing claims rose by 30,000, to 1.7 millions.
Also, the monthly inflation numbers were flat, remaining at 3.7% year over year, which could give the Federal Reserve cover for raising interest rates again.
It was energy and rent prices that drove the higher than expected inflation rate.
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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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