In the two weeks since Donald Trump was elected, initial jobless claims have soared by over 35,000 (or over 15%) to 5-month highs. This is the biggest two-week rise since December 2014 and is entirely against the exuberant narrative being spun by US equity markets.
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One can't help but wonder what the sudden 'odd' collapse to 43 years lows right into the election was all about...
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