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Economic Overview

Nearly all of the indicators for the U.S. are green (see table) The U.S. Labor Market Except for the Fed, which looks like it can’t tell the difference between structural and cyclical, the labor market looks strong The U3 unemployment rate fell to 5.9% in September, the lowest it has been since July ’08. Job openings are at cyclical highs. Layoffs and discharges are at cyclical lows. Jobless claims are …Read More