/biz/ - Business & Finance

Anonymous Thu Nov 16 14:45:19 2023 No.56682327 [View]
File: 156 KB, 1345x823, jobless_claims.png [View same] [iqdb] [saucenao] [google]

>>56682251
>jobless claim
Anyone that tells me that they can see some sort of trend in the jobless claims is a voodoo hack (pic related).
>Retail sales
>https://tradingeconomics.com/united-states/retail-sales-annual
Another hack graph.
I am willing to agree that the economy is not running at full speed, but to say that it's weak is bs. Participation labor rate is pretty high, wage growth is good, consumer spending is very good and has supported the insane GDP figures.
If the GDP figures were bad, I'd agree... but they ain't. The US economy grew at a fast rate and far outpaced any other developed nation (China doesn't count)

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