In the week ending April 2, the advance figure for seasonally adjusted initial claims was 267,000, a decrease of 9,000 from the previous week's unrevised level of 276,000.
This is not what a recession looks like---and it can be a year or more before a bottom in claims results in a recession.
The idea that the minuscule Federal Reserve Bank interest rate hike in December was going to crash the economy and cause the Fed to reverse the hike is absurd.
I would like Robert to show us where all those jobs are. What a joke? He is a libertarian doubtful of government policies and actions, but believes this crap the economy is doing great.
ReplyDeleteHow can you have about 45 million on SNAP and a high percentage of working people but make these absurd claims.
I had understood that part time jobs count and one of the main reasons so many part time jobs are being created is to remain under the 30 hour cap for Obamacare. This is not attributable to ABCT, but it is a result of incentives or disincentives as the case may be.
ReplyDeletePart time employment has been stagnant since August 2009. Part time for economic reasons has been falling since Sept 2011: https://research.stlouisfed.org/fred2/graph/?g=45Sc
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