Forbes: “Jobless Claims Keep Rising Unexpectedly—Experts Worry Stock Market Crash Could Have Spillover Effects On Economy”By admin_45 in IN THE NEWS
Forbes quoting DataTrek Research:
...“Claims have been rising since mid-March and can double before we even get to prior-period cycle lows,” DataTrek analysts Nick Colas and Jessica Rabe said in a morning note, pointing out employment growth tends to slow as interest rates go up and saying hiring could slow down as soon as this year. “While the Fed won’t say it, incremental joblessness is an inevitable outcome of current policy"...
Full article here on Forbes.