Weekend Reading from UPFINA
Surprisingly, we are getting improved jobless claims reports. This is the 2nd week they fell. This supports the thesis we have discussed a bunch of times which is that more people don’t stay unemployed just because of higher benefits. People want to work. Virtually no one wants to stay home for an extra $300 per week until March. Specifically, in the week ending January 23rd seasonally adjusted claims fell 67,000 to 847,000.
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