A concerning pattern of ongoing divergence emerges, with a clear mismatch between restricted access to loans for small businesses and the historically low initial jobless claims.
🇺🇸 Persistent unsustainable divergence between lower availability of US loans to small businesses and low initial jobless claims.
Trend suggests higher initial jobless claims to come!
Chart: BofA #recession #unemployment pic.twitter.com/xHaBryuSCV
— Alex Joosten (@joosteninvestor) October 23, 2023
It’s a layoff winter underway already…. Nov/Dec claims should be interesting.
So much for those 170k salaries too for drivers… t.co/fp08GlNHPj
— Don Johnson (@DonMiami3) October 23, 2023
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