. Typically, they say, whenever claims rise this much from their 12-month lows, a recession follows.
, and the total layoff rate remains low. Finally, despite the recent uptick in initial claims, the monthly jobs reports have remained surprisingly strong. , but even there, I'm skeptical the issue is nearly as bad as is being portrayed. Structures investment — which includes spending on nonresidential buildings such as strip malls, offices, lodging, and power plants — is less than 3% of the US GDP and only a part of that is the problem.
It's starting to make my head hurt! At some point, rational people have to put their hands up and say,"You are wrong."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: