HOUSING STARTS UP IN OBAMAVILLE
Posted on 12/31/2014 6:08:09 AM PST by Perdogg
It appears the glorious trend of decling initial jobless claims has run its course. For the last 5 months, initial claims have oscillated around the crucial-to-the-narrative 300k level - breaking the constant downtrend of the last 4-5 years. Today's 298k print, up 17k from last week, is the same level seen in the 3rd week of July.
(Excerpt) Read more at zerohedge.com ...
Recovery Winter, 2015!
HOUSING STARTS UP IN OBAMAVILLE
What’s zero going to do when the unemployment rate is less than 1% with one out of three Americans, or more still out of work?
I would bet a lot of these initial claims are in the previously doing well OandG sector....relatively high paying actual work jobs.
Wait till the minimum wage increases and the Obamacare employer mandate hit.
With 92 Million Americans out of the workforce, these unemployment stats are meaningless.
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