Economics

Escape Velocity? As Good As It Gets? Or A Dangerous Economic Extreme?

JOLTS At Record Extreme- Click to enlarge

Initial claims for unemployment remain near bubble record levels after first reaching that extreme in September of last year. The warning signs of a distorted, maladjusted, overheated economy continue. The headline, seasonally adjusted (not actual) number for initial unemployment claims for the week ended July 5,  the 26th week of the year, was 304,000. The consensus…

DANGER! Initial Claims Per Million Workers Remain At Bubble Extremes

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The headline, seasonally adjusted (not actual) number for initial unemployment claims for the second week of June was 312,000. The consensus guess of Wall Street conomists was 313,000. On the surface this seems benign, but the actual numbers which the Wall Street captured media ignores continue to show claims at the levels reached at the top of…