Source item
Open original source ↗Now that the Government is open, the data is flowing again.
*US JOBLESS CLAIMS 216,000 IN NOV. 22 WEEK; EST. 225K
This is one of the lowest readings of the year.
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This was considered a "desert-island indicator:" if you needed one measure to tell you the health of the economy, it was initial claims.
Now it doesn't fit the narrative that the labor market is falling apart and the Fed must keep cutting rates, so it's getting ignored.
Meanwhile, every financial television network today has run at least three stories about affordability (i.e., inflation) this morning.
So let's make money cheaper, stimulate the economy, and pump the stock market higher, that will fix affordability!