Liberal Forum

Does this correlate with the severe recession in Germany
and the overall recession in EU-Trash countries??

Likely it does.  The Biden Economy.
Maybe Old Joe could blow up some more EURO pipelines   

Number of Americans filing for jobless claims is elevated for second straight week | AP News

The Number Of Americans Filing For First-Time Jobless Benefits Hits Highest Since Oct 2021 | ZeroHedge

Sumela » 22 Jun 2023, 9:37 am » wrote: ↑

22 Jun 2023, 9:37 am

Does this correlate with the severe recession in Germany
and the overall recession in EU-Trash countries??

Likely it does.  The Biden Economy.
Maybe Old Joe could blow up some more EURO pipelines   

Number of Americans filing for jobless claims is elevated for second straight week | AP News

The Number Of Americans Filing For First-Time Jobless Benefits Hits Highest Since Oct 2021 | ZeroHedge

A rise in unemployment is a good thing.  Pressures the Fed to stop raising rates and sets me up for a big stock market rally.
 

Seems about par for the course when you raise interest rates. When you make auto loans and home mortgages, you are going to see less people purchasing those two items. What does the data say? in CA at least, the initial claims are mostly tied to two NAICS codes (531000 Real estate, 441120 Auto Sales, and 541191 Title offices).

EU trash will become an American feeding ground

as the world moves East

impartialobserver » 22 Jun 2023, 10:20 am » wrote: ↑

22 Jun 2023, 10:20 am

Seems about par for the course when you raise interest rates. When you make auto loans and home mortgages, you are going to see less people purchasing those two items. What does the data say? in CA at least, the initial claims are mostly tied to two NAICS codes (531000 Real estate, 441120 Auto Sales, and 541191 Title offices).

We need unemployment to go to about 6%.  Or, at least that's what I'd like to see. It's all about me, right?  Some people wish to win the lottery.  I wish to see unemployment rise sharply and the Fed start to drop rates by about 200 bps.
 

Skans » 22 Jun 2023, 10:31 am » wrote: ↑

22 Jun 2023, 10:31 am

We need unemployment to go to about 6%.  Or, at least that's what I'd like to see. It's all about me, right?  Some people wish to win the lottery.  I wish to see unemployment rise sharply and the Fed start to drop rates by about 200 bps.

That might be wishful thinking. Current national seasonally adjusted rate is 3.7 and most of the UI claims are tied to industries that are affected by the Federal funds rate. When that rate is brought down.. it would seem that the claims go down and then the unemployment rate modulates or goes down.