“Every time the Unemployment Rate crosses its 36-month moving average from BELOW, a recession sets in.”…. “Private credit investors pull $7bn from Wall Street’s biggest funds”

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Is this why inflation is going down?

Macy’s will close its two fulfillment centers in Cheshire later this year, a move that will affect nearly 1,000 employees, according to a company notice released Tuesday and reported by WFSB.

The facilities on Knotter Drive and West Johnson Avenue will shut down. A small group of maintenance workers will remain through spring 2027 to assist with the closure, but most employees are expected to lose their jobs this year.

Cheshire’s town manager said the community was notified and is working with state and regional agencies to help displaced workers. In a statement, the town said:

“The Town of Cheshire is deeply saddened by Macy’s decision to close its Logistics Fulfillment Center, resulting in the elimination of nearly 1,000 jobs. Macy’s has been a valued member of our community since 1986 and has consistently been one of Cheshire’s top ten employers, making this a significant loss for our town.

https://www.zerohedge.com/markets/macys-closing-two-fulfillment-centers-laying-1000-workers

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