Initial Jobless Claims Still Decoupled From Hypocritical Fed’s “Experimental” Labor Market Index Collapse
by Tyler Durden
ZeroHedge.com
Jun 16, 2016
Having been told yesterday by Janet Yellen that The Fed’s Labor Market Indicator is merely “experimental” – contradicting her Aug 2014 exuberance over the index – we thought it worth highlighting just how decoupled the nation’s labor market data really is. Initial claims rose to 277 from 264k, slightly higher (worse) than the expected 270k but remain near the best in 40 year, as LMCI crashes to 6 year lows…
The Rest…HERE
