Applications for US unemployment benefits jumped to the highest level since February during the week that followed Easter.Initial claims increased by 18,000 to 241,000 in the week ended April 26, ...
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US Jobless Claims Jumps to Highest Since February After Easter
Bloomberg05-01
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- Dr Rck·05-02Jobless claims hence rises; GDP in the negative as more companies like walmart stocked up before tariffs implemented but consumers sentiment was dampened that prices slightly went down; interest rates are still at a high and notso soon the need to cut. To make the situation worse, ISM is down. Mac and Starbucks, both a good indicator of consumers spending is not performing well, so something is brewing, US treasury is hurrying the Fed to cut rates, so what's happening? Like a Tsunami, it looks like everyrhing is ok for now but everyone may be shocked amd awed when hit with extreme turbulence! Brace for impact! Except for those in thr cloud: Meta and Microsft, carry on!1Report