Dear Labor Department, please explain…
Initial jobless claims tumbled last week to 252k – practically its lowest level since 1973.
BUT…
US economic growth has collapsed as jobless claims have plunged to four-decade lows…
And that's odd because employers in Manufacturing and Services are increasingly pessmistic about employment…
And Sales – which is increasingly driven by credit only as America's cost of living surges – look to be weak…
And with inventories at these levels… and sales outlooks so weak… one wonder what happens next?
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