U.S. labour market recovery stalling; housing market presses ahead

Initial jobless claims again run higher than expectations--because the expectation is recovery and expansion, not contraction. State #unemployment claimants dropped--because they had exhausted their eligibility. People getting federal unemployment assistance rose as the feds pick up the slack. Translation: There is no job growth taking place. With 30 million unemployed, that is a HUGE problem. https://www.reuters.com/article/idUSKBN2681Y1?il=0 #news #economy #jobs #wages