Posted on 01/28/2016 8:42:28 AM PST by SeekAndFind
Having surged to six-month highs, initial jobless claims dropped modestly on the week but the smoother 4-week average that is broadly used pushed to new cycle highs at 285k - the highest since March 2015 confirming The Fed's concerns over the economy. This is a trend that is certainly not the friend of Janet and her friends... but we are sure this is all just transitory.
Some of this could be people deeming it fit to try to remain in the job market rather than quitting easily; remember the books have long been cooked, and “uncooking” the books could make things look like this as well.
Sounds like we desperately need a New Trade Deal, close down hundreds of Manufacturers and have those products made overseas by slave labor so we can buy cheap crap with our new EBT cards
Your part-time minimum-wage Christmas retail clerk job is over.
We desperately need Trump’s touch back amnesty to bring in roughly 60 million 3rd worlders legally.
Also, several states had their new minimum wage laws go into effect.
don’t worry. The MSM will *finally* realize the cooking and true non-working/unemployed numbers....as soon as the next non-DEM President is in office.
Touch back? Or queue back?
Do you know what a touch-back amnesty is? Do you know where the term came from and who advocated it? Trump is not advocating a “touch-back” amnesty.
Why, it’s almost like companies hired temporary workers for the Holiday season, and then let them go after the season passed.
Who’d have thunk it?!?!
Correct. Expect the homeless stories to abound as well.
Investigative "journalism" will make a comeback too if that happens.
Per the graph in the OP, it looks like things started to get worse in November.
TWB
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