Initial unemployment claims are up 33,000 to 258,000, with a significant portion of the boost coming from the carnage wrought by Hurricane Helene. Continuing claims, which are tallied from a week before, rose by to 42K 1.861 million.
Between Helene and Milton, the jobs numbers are going to suck for a while.
We also had the consumer inflation data coming out today, and inflation fell slightly to 2.4% year over year.
In terms of macroeconomics, I have no clue as to what this means.
In terms of climatology and atmospheric science, it's rather clearer: If we do not get a handle on greenhouse gas emissions, we are completely f%$#ed.
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