Sinking Jobless Claims = Strong Economy?
Never underestimate the resilience of American entrepreneurs, businesses and the American economy at large… That’s a lesson some forecasters learned all over again last week — when jobless claims dipped substantially after a sustained trend towards higher unemployment. This week we can expect to see a slight rebound in claims, along with ongoing turmoil in D.C. (more on that from the illustrious Mr. Clark below). But first, I want to dive into another surprisingly bullish factor driving today’s job market:
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