Initial jobless claims remain stuck at four decade lows (254k this week)… so where are all the jobs?
Manufacturing?
Services?
Or maybe these divergences will strike when the wrong person is elected in November?
And as a bonus chart – the last 2 weeks have seen the biggest collapse in continuing claims in 3 years to 16 year lows…
Seems just a little coincidental that just like during the lead up to the 2012 election, continuing claims suddenly collapse (magical jobs for a few million people?)
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