It’s Thursday




And initial unemployment claims fell by 16,000 to 193,000while the final revision of the 2nd quarter GDP numbers is down at an 0.9% annual rate.

Needless to say, these are highly conflicting signals.

My guess would be that employers, particularly on the low end, were workers used to be largely disposable, are seeing their recruiting costs going through the roof, so they are a bit slower to pull the trigger on layoffs.

Then again, what do I know?




Matthew G. Saroff

Husband, father, pinko, slave to cats