US weekly jobless claims came in at 406,000 this week, up from last week's revised print of 372,000. Both the absolute level of claims and the 4 week average re-assert the concerning "Trend" of a deteriorating US employment picture.
Inflation is dampening, but so is US economic growth. That dynamic needs to be understood.
KM
Inflation is dampening, but so is US economic growth. That dynamic needs to be understood.
KM
