This is bad news indeed.. for some

[luzribeiro]

Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969

Thanks, Obama!

In other economic reports Wednesday morning, second-quarter GDP growth was revised up slightly to 2.1%, though that was below estimates for 2.2%. Also, durable goods orders declined 0.5%, worse than expectations of a 0.2% gain.

But wages are up. Which is offset by inflation.

I have a feeling this will be the norm till and if Covid gets under real control... which it won't because folks are dumb as a species.

Comments

[dewline]

Just not for the rank and file workers to the degree that Rich, Cruel and Militant People would prefer, it seems.

[fridi]

Imagine if you will an economy not dragged by unvaccinated people.