So, initial unemployment claims rose by 10,000 to a still low 210,000, with continuing claims rising to by 63,000 to 1.79 million, which would indicate a (slight) slowing in the job market, but the 3rd quarter GDP numbers are showing a 4.9% annual growth rate.
So Jerome Powell is not getting his desired recession.
Instead we have good jobs numbers and very strong GDP numbers.
¯\_(ツ)_/¯
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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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