Brief Comment on U.S. Jobless Insurance Claims and Trade Deficit

New weekly jobless insurance claims, which are a proxy for layoffs, shot up by a much greater-than-forecast 6.648 million workers. This was the second big overshoot in a row, yielding a 2-week total of 9.955 million. The weekly average of new claims in the first two months of 2020 had been 212-3/8K, by comparison. As […]

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