3/30/23: Economic indicators: US unemployment benefits ticked up for the first time in three weeks, suggesting some softening in what’s still a robust labor market. Only about a quarter of unemployed US workers applied for jobless benefits in 2022, suggesting unemployment claims could be much higher. And US corporate profits declined in the fourth quarter, while the GDI, a key gauge of economic activity stumbled.
gogogetterdawg t1_jecag0v wrote
Reply to I guess it's true... Stonks only go up. by thegreatgumbini
3/30/23: Economic indicators: US unemployment benefits ticked up for the first time in three weeks, suggesting some softening in what’s still a robust labor market. Only about a quarter of unemployed US workers applied for jobless benefits in 2022, suggesting unemployment claims could be much higher. And US corporate profits declined in the fourth quarter, while the GDI, a key gauge of economic activity stumbled.