From an anonymous Labor Department official:
“I don’t think there is a whole lot of layoffs going on”.
Another two weeks of seasonal volatility, and the Easter Bunny better have some answers!
Continuing claims are rising and unemployment numbers are rising, and nothing much is being done about it.
Helicopter Ben reiterated this week that non-existent inflation and deficit fetishism are far more important to the Fed than the mandate to do something about unemployment.
Gorilla says: “Workers of the world, uscrewed!”
Tags: Fed, unemployment