It's time for another episode of the weekly unemployment numbers, and there is not much in the way of, "There," there.
Initial claims fell by 1,000, slightly less than the 2,000 forecast, and continuing claims fell by 1,000 to 1.774 million (seasonally adjusted).
Not so much.
Meanwhile in Federal Reserve watcher land, both bond yields and oil prices rose on the expectation that the Fed OMC would raise rates, and that the Iran war would escalate.
Rather unsurprising the US dollar rose in response to the Fed expectations as well. Higher interest rates drive the dollar up.
Meanwhile, and this number probably influenced the Fed watchers, Producer Price Index jumped, which may give the new Fed Chairman no optrion but to raise interest rates.
Finally, in what looks to be an echo of late 2008, residential real estate sales continue to fall off of a cliff, largely driven by the expectation of further increases in interest rates.
That's condos as well as single family homes that are sitting the market for a very long time.
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