Heterodox
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 labor costs, they either increased by 0.3% or decreased by -0.1%. While they haven’t decreased significantly in...
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