Thursday, November 6, 2014
BREAKING Four-Week Average for Jobless Claims Lowest Since August 2000
Initial jobless claims fell 10,000 in the November 1 week to 278,000. The 4-week average is down 2,250 to 279,000. This is the seventh decline in eight weeks for the average and a new 14-year low.
Continuing claims, in data that lag by a week, are also down, at 2.348 million for a 39,000 decline in the October 25 week and another 14-year low. The 4-week average is down 8,000 to 2.370 million with the unemployment rate for insured workers unchanged at 1.8 percent.
The Fed created manipulated boom is on. It is difficult to see how this does not result in accelerated price inflation in the not too distant future.
The Fed has printed an enormous amount of money since the 2008 financial crisis. With the layoff peak ancient history, people are going to start spending all that printed money that they were keeping in reserve when they feared for their job.
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