High-Frequency Post-Virus Recovery - 2025-02-26
Date:
Thursday, February 27, 2025
Summary:
Big miss in new jobless claims, a jump of 22,000 (from 220,000 to 242,000 on the week). It will make a nice media narrative to blame DOGE government firings for it. But 242,000 is lower than the 260,000 claims last October before anyone had heard of DOGE. And put together, the increase in claims across DC, Virginia and Maryland was just 2,800. But the story is too good to fact-check, so...