US Initial Jobless Claims, provided by the US Department of Labor, provides underlying data on how many new people have filed for unemployment benefits in the previous week. Given this, one can gauge market conditions in the US economy concerning employment; as more new individuals file for unemployment benefits, fewer individuals in the economy have jobs. Historically, initial jobless claims …
It’s the end of the world as we know it – and we will be fine
One of my most despised words over the past five years is “unprecedented.” The word has been used so much that I’m pretty sure its true definition has become “normal.” “Unprecedented” times have now become “normal” times. At least it seems so. The first real piece of economic data is in on the “COVID-19 economy” and that is the jobs …