Increasing emergency unemployment claims seems to indicate more people have lost their jobs, yet decreasing continuing jobless claims could mean those unemployed are now employed or failed to get a job, thus are or at risk of being permanently unemployed (or those no longer looking for work.)
Translation: we either have at best a bifurcated job market or at worst, a weakening job market. The economy must grow, requiring cooperation amongst policymakers, which is complicated given the current dissension. Basically, something’s gotta give.
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