Unemployment claims: back to 370K, the economy’s not growing fast enough, of course!
Meanwhile, the Fed continues to do absolutely nothing. Having no credibility whatever on unemployment is apparently less important than having credibility on non-existent inflation.
What’s needed is what’s never offered: a very large scale stimulus (at least $2 trillion) that focuses solely on hiring the unemployed.
Gorilla says: “Long past time to turn the Fed district hqs into job centers!”