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Initial Jobless Claims Rise Again; When Will the Jobs Return?
What do you do when the Initial Jobless Claims, which had shown signs of slowing in the past few weeks, start to rise again? This must be what the Fed policymakers are thinking to themselves, and it must also be a considerable worry for US President Donald Trump, whose re-election bid is hanging in the balance. With stimulus packages that have dwarfed the Troubled Assets Relief Program of 2008 – 2014, one would have expected the jobs market to bounce back just as the stock markets have. Sadly, this has not been the case. So the big question is: when will the jobs return? One thing is for sure. As long as people ... (full story)