Jobless claims: Another 745,000 Americans filed new unemployment claims

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Bag Holding 2021


AND people are dropping outta the labor force. As an economist, it’s not unemployment numbers that scare me. It’s people dropping outta the labor force. It’s hard to put that genie back in the bottle. Edit-spelling for the original was just awful. Had to fix it.


No big deal, just a full year of weeks, each above the pre-covid record for any individual week.


Remember, this is only people on unemployment. Those of us that were denied and waiting on appeals don’t count. Currently, my state of Missouri is six months behind on the appeals.


So another red day one the market??