It's Thursday, which means that it's time for the weekly unemployment data, and initial claims rose by 8,000 to 229,000, while continuing claims rose slightly by 2,000 hitting 1.792 million.
More notably, job openings, and the ratio of jobs to job seekers hit a post-pandemic low.
At the same time, layoffs dropped.
I still think that a recession is due sooner rather than later, but the data is inconclusive in either direction.
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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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