Something's not quite right... 何か全くおかしい・・・
With economic data disappointing en masse and US equity earnings
expectations plummeting, talking heads have one last leg left on the
stool of buy-and-hold - jobs, jobs, jobs! The unemployment rate (low),
participation rate (people coming back into the workforce), wage growth
(rising at fastest pace in 10 years), initial jobless claims (back near
multi-decade lows), and JOLTS (more jobs offered than people available).
So, why are continuing jobless claims surging in a not-noisy manner higher for the last six months? では、どうして失業保険申請が６か月連続で増え続けるのだろう、これはノイズではない？
We have seen this before...
以前も同様のことがあった・・・
And in fact 2019 is now the worst start to a year for continuing claims since 2009...
