Familiar Tales From A Warped Economy

US jobless claims edged up last week and a gauge of services sector activity suggested the pace of economic expansion remained relatively robust in December, data out Thursday showed. 207,000 Americans filed for unemployment benefits in the week to January 1, 7,000 more than the prior week's upwardly revised headline reading. The four-week moving average, which dropped below 200,000 to the lowest level since 1969 late last month, rose to 204,500 (figure below). Continuing claims rose to 1.7

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2 thoughts on “Familiar Tales From A Warped Economy”

I have no confidence in my understanding of the US labour market. So here is the quandry. Is the US labour market really tight or is the US labour market fundamentally broken? I am all ears to figure this out if anyone has a strong opinion.

Mr. Lucky

January 7, 2022 at 1:13 pms Reply

Since everybody’s got to eat, I assume that for now most folks who really need to work can/have found something. Yes, there are homeless and way to many working poor but workers are getting tired of getting shafted by people like Warren Buffett who just said publicly that paying his workers more wasn’t his job, so they may hold out for better wages.