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Chart Notes The blue line is the base forecast. It is about all the public sees or hears about when the BEA releases its GDP report. The red line is Real Final
Economic Slowdown Deepens This is the first truly terrible jobless claims report since the slowdown started. There will be even more job losses in January than in December, but investors will probably ignore this as the vaccines are set to stop the virus’ spread in the next few months (14.3 million vaccines have gone out in the US). The main questions are how deep this slowdown gets and when it ends. We could easily see sharp job creation starting as early as March or April. Please share this article - Go to very top of page, right hand side, for social media buttons.
This is the first truly terrible jobless claims report since the slowdown started. There will be even more job losses in January than in December, but investors will probably ignore this as the vaccines are set to stop the virus’ spread in the next few months (14.3 million vaccines have gone out in the US). The main questions are how deep this slowdown gets and when it ends. We could easily see sharp job creation starting as early as March or April. Specifically, in the week ending January 9th, seasonally adjusted initial claims spiked from 784,000 to 965,000 which was way above estimates f...