Signs of Health in the Labor Market

Even WSJ gets it:

The labor market is showing signs of health. The number of Americans filing new claims for unemployment benefits fell to a seasonally adjusted 359,000 last week, from an upwardly revised 364,000 the previous week. The average for the past four weeks — a less-volatile measure — dropped to 365,000 from a revised 368,500. Readings below 400,000 suggest layoffs are easing and hiring may be picking up.

This:

 


Will not be good for sales of clueless books written by those, who don't understand the business cycle and who never saw the current manipulated boom coming.