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.

 image: initial jobless claims 3/23

Continuing claims remained below 1.7mm.

California and Illinois saw the biggest weekly drop in claims while Indiana and Massachusetts saw the largest increase…

 image: weekly  initial jobless claims 3/23

Assuming a three month lag between monetary policy and its effect on the economy, we can comfortably claim that something’s broken…

 image: three month lag 3/23

Maybe what we really need is a banking crisis to collapse credit?

SOURCE

Posted by Elvis on 03/23/23 •
Section Dying America
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