Photo: Calculated Risk
This morning’s initial jobless claims data seemed to confirm a bit of a pattern of modestly improving numbers on the labour front. If this holds, it will be a huge relief.But it’s not just the jobs data that’s showing signs of life (again). There are others signs that the double dip may be off the table.
Granted, the double dip might not be “dead,” but you’d be a fool to ignore some emerging positive signs.
Let’s consider them.
As Credit Suisse has pointed out, a mid-recovery soft-patch in new orders is actually totally normal.
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