ADP: Private sector had a good month too.
1.9% in Q4.
CBS: US economy is “going nowhere fast.”
How long has it been since a 3% quarter?
What double seasonal adjustments gave, double seasonal adjustments took back.
The usual suspects blamed
Now with almost 20% more meh.
Durable goods drop in November.
Get ready for more of it.
“Not a big deal.”
The death spiral of entrepreneurialism.
Bending the curve
ADP: 220K jobs added in April.
But Q4 grows at annualized 3.2% rate.
Jobless claims down to a seasonally-adjusted 298,000
Initial jobless claims at 336,000, higher than the late-summer average.