patrick.net

Spittleboy KD here is generally full of it and this is no exception

Initial Claims:


haven't been this low since the 1970s. And since the employment base is 2X now vs then, this is the best job market ever.

Here's another take on initial claims:



https://fred.stlouisfed.org/graph/?g=eX2e
it's total jobs / extrapolated layoff rate; it's the number of years until everyone would be laid off at that rate of job loss for that week.