Confidence Crushed Despite Collapsing Jobless Claims

by Tyler Durden
ZeroHedge.com
Jun 30, 2016

The trend of jobless claims continues lower (despite a modest 10k rise this week to 268k from a revised lower 258k last week). The problem is… as we have shown numerous times, this ‘measure’ of the labor market appears to have seasinally adjusted itself into being totally-useless as an indicator of anything factual. With Consumer Confidence for over-55s at its lowest in 2 years, it seems the job exuberance is just not rubbing off…

The Rest…HERE

This entry was posted on Thursday, June 30th, 2016 at 9:28 am and is filed under Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.