The numbers: The number of Americans who applied for unemployment benefits in mid-January matched a four-month low of 190,000, suggesting the U.S. labor market is still plenty strong despite rising layoffs in some parts of the economy.
New applications fell from 205,000 in the prior week, the government said Thursday. The last time claims were that low was in late September. Key details: Forty of the 53 states and U.S. territories that report jobless claims showed a decline last week. New York posted the biggest drop, reversing a surge in the prior week.
Big picture: Jobless claims are one of the first indicators to deteriorate when the economy is headed toward a recession, but right now they signal a strong labor market and stable U.S. growth.
So the govt is creating a recession basically. So few ppl unemployed should create plenty of product & services to bring down demand & inflation.