It's time for the weekly unemployment numbers, with initial claims rising by 12,000 to 218000, with the continuing claims rising by 14,000 to 1.875 million. The 4-week moving average was basically flat, falling 250 to 212,000.
I'm still a pessimist on the economy, though my predictions mean nothing, because I am an engineer, not an economist, dammit.*
I am still thinking that a recession is likely, particularly with increased weakness in real estate, (Particularly in commercial real estate) but I am as uninformed as the next bloke.
¯\_(ツ)_/¯
*I love it when I get to go all Dr. McCoy!
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