Continuing Jobless Claims have just been a straight line up since Liberation Day. Recession already awake. The Fed sees it. Wall Street’s pretending not to.
Jobless claims just hit 1.974 million. That’s the highest since November 2021. Not a bump. Not seasonal noise. It’s been climbing for weeks. Up another 38,000 this time. That’s not recovery. That’s erosion. “Continuing Jobless Claims went up by 38K …