The economy continues to be a disaster. We had another 965,000 jobless claims filed last week.
MSN:
Jobless claims in the first full week of January spiked to a seasonally adjusted 965,000, a 23 percent increase from the previous week, and the highest weekly amount since August.
The increase in jobless claims follows a December jobs report that showed the economy shedding jobs, putting the recovery of the labor market in reverse.
There’s been over 700,000 jobless claims every week since the end of March 2020 when this coronavirus hysteria started. Prior to that, the highest jobless claim figure reported was in the 600,000 range.
The people talking about an economic recovery because of the stock market are total frauds and shills. The stock market is totally fake due to unlimited money printing by the Federal Reserve. It is simply not a reflection of the real economy and should not be used as an economic indicator. The real economy is in horrible shape and it isn’t coming back anytime soon.
This is a very bad situation, but I guess creepy Joe wants to give everybody $1,400 so maybe that will fix it lol.
