The unemployment rate went down. Yup, that's bad news. Good news is bad news. The economy is still too good and that means more rate hikes. But we do need to wring out the inflation so it's all part of it. Things might get worse before they get better, but they usually do get better eventually.
Terrible news
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Sounds like something CNN would announce to make things look good before midterms.
Most that are on unemployment ran out of benefits long ago, even those on extended terms. These numbers (if real) may be for new claims and who would be claiming now with jobs so plentiful?
But yeah, everything that is happening, the shortages, the price hikes, the hurricanes, your favorite football team losing, hair turning gray, import/export imbalance, shortages in military recruitment, Russia, China, NK and Iran wanting to take over the world, is all because the economy is doing better OR because of global warming. -
Everything ends eventually, including us.The unemployment rate went down. Yup, that's bad news. Good news is bad news. The economy is still too good and that means more rate hikes. But we do need to wring out the inflation so it's all part of it. Things might get worse before they get better, but they usually do get better eventually.Comment

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