Headline initial and continuing jobless claims in the US rose in the data for last week, but we have also started to see a pervasive rise across several states at once. When claims rise in such a way, it can be a precursor to a recession.
https://i.redd.it/j2mk9pqcw1gd1.png
Posted by MarcusWallstreetGuy
31 Comments
No article or context to go with this graph? Did they rise this morning? It’s pretty low last week
Oh Jesus, I thought that we were done with the whole recession thing. It didnt happen, the JPOW pump fixed everything . JPOW 2024-2050
Good news for rate cuts and stock investors
Didn’t you hear the good news friend? Job losses are transitory. đ¤Ą
False positive? If a false positive is positive, whatâs to say this isnât also a false positive?
Looks like another false positive to me 
LOL
And thatâs a good thing because⌠capitalism?
A.I is the answer youâre looking for, buy calls. This is not the 70s.
False positive? There was a recession, with two quarters of GDP decline.
Every 10 years huh
It was always bad, they just masked it all this time to prop up the market for the senile diaper shitter.
That threshold doesn’t look very meaningful. When there’s a recession it gets blown through and I’m seeing two false positives.
Just scrolled through OPâs history to see if he was a bearâŚ.
Turns out heâs hung like one
Funny WSB membership has increased in the same time period
Just a coincidence i guess
Jobless claims worsening and combined with lower hiring rates.
 
LOLâŚ.yaaa, that was the whole purpose of rate hikesâŚ.to slow the economy.
Hell yeah itâs rate cutting time boys. Put in your two weeks notice at Wendyâs. Lambo eminent
That is the intent of raising interest rates: to create downward wage pressure by increasing labor supply. So long as unemployment stays below the Fed’s 4% target. They’re basically there so we should be seeing interest rate cuts soon. Working man gets screwed by the corporatocracy, news at 11.
Bullish…..rates coming down…take loans at a cheap rate, invest, pay back …rinse and repeat….who needs a job!!emote:t5_2th52:4271
and today the WSJ is saying if the fed cuts rates they are helping harris. what a holes
Calls on jobless claims?
Do people who work multiple jobs count for multiple people working ? My girlfriend works for Onlyfans as an âadminâ but she has another gig âuberâ clients ? Does she count as 2 people ? Or am I being lied to?
John Deere just cut many jobs across the country. They’re responsible for part of this rise.
False positive?
Yeah you have no fucking clue đ
These guys will scream Recession!! year after year until it inevitably happens and then say âlook! I told you!!â
A once in a life time recession every 10 years
With the economy the way it is, it is to be expected. We’ve been fed bullshit about how everything is great and it is not.
This is easily resolved.
They just need to change the definition of a ârecessionâ again.
I unfortunately lost my job due to big lots going near bankrupt and closing down 150 stores. I unfortunately canât find work anywhere as a lot of Venezuelans here took a lot of the jobs. You used to be able to find a job same day just by calling around but now that doesnât seem to be the case.
I hate these mf bears trying to spread panic