Jobless claims remain well above 450,000/week. That number needs to fall by at least 100,000 just to return to population replacement unemployment. It’s a grim picture that no one is doing much about.
Durable goods orders, outside of Boeing, remain lackluster. We all can’t buy jet planes, and goods orders are off 20% year on year. That’s depression level territory. There’s no evidence that anything other than inventory replacement is driving demand.
Gorilla says: “It’s the stupid economy and the stupid leaders!”
Tags: unemployment, US Economy
I usually agree with your article content, but in this case I am sorry to say that I do not share your views.