This weeks economic data is better, though a bit confusing.
On the
unemployment claims
front, the news is OK, 235,000 claims, about 2,000 better than estimates, with
continuing claims flat.
Meanwhile, GDP growth beat estimates, with a 2.8% annual rate, well above the 2.0% predictions, driven largely by increases in the orders of big ticket items.
Still, the job market seems to be weakening.
¯\_(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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