Relevant and even prescient commentary on news, politics and the economy.

Lowest new jobless claims in over half a century

Lowest new jobless claims in over half a century The first two of four data releases this morning were corporate profits for Q3 and jobless claims for last week.Corporate profits, a long leading indicator, increased slightly in Q3 over Q2, by 1.9% or 4.2% depending on whether you include various inventory adjustments. Deflated by unit […]