Article 43
Thursday, March 23, 2023
Jobless Claims Data Continues To Ignore The Fed
Jobless Claims Data Continues To Ignore The Fed
By Tyler Durden
Zerohedge
March 23, 2023
Initial jobless claims dropped (again) last week to 191k (fewer than expected) and once again standing in the face of anecdotal evidence of waves of headlines of mass layoffs.
Continuing claims remained below 1.7mm.
California and Illinois saw the biggest weekly drop in claims while Indiana and Massachusetts saw the largest increase…
Assuming a three month lag between monetary policy and its effect on the economy, we can comfortably claim that something’s broken…
Maybe what we really need is a banking crisis to collapse credit?
Posted by Elvis on 03/23/23 •
Section Dying America •
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