From Pine View Farm

Nothing To Do, Nowhere To Go 0

Still over half a mil:

The Labor Department also reported that initial claims for state unemployment benefits dropped to 512,000 in the week ended October 31, the lowest level since early January. Markets had expected a decline to only 523,000, from the 530,000 reported in the prior week.

The story also reports that productivity is up, but that the pace probably cannot be sustained by the existing workforce, so that hiring may increase. In other news, it doesn’t look like a lot of the hiring will be for Christmas help.

More than half of U.S. retail chains posted October sales that fell short of Wall Street’s heightened expectations, raising doubts about a widespread recovery for the holiday season.

Maybe the two writers should talk to each other.

Share

Comments are closed.