00:01Well, John, the foolish consistency of Little Minds is back again.
00:06215,000 jobs, jobless claims were filed last week.
00:10That's almost exactly the same as the week before, revised up to 217,000.
00:15Continuing claims, 1,814,000.
00:19That is just a tiny bit higher than 1,806,000 the week before on a revised basis.
00:25So basically, the Fed has told us in the minutes that they are sort of certain that the labor
00:33market is relatively steady at this point.
00:35It is inflation that worries them, and the jobless claims keep that worry front and center
00:42in the sense that there doesn't seem to be a problem in the labor market at the moment.
Comments