Fewer Americans applied for jobless benefits last week

The Fed is hoping that a slower pace of hiring would eventually mean less pressure on employers to raise pay and pass those costs on to their customers through price increases — a recipe for high inflation.

Funny that executive pay, which has grown exponentially in the last few decades, is not seen to create the same pressures.

...and no body in the main stream media has ever heard if the Great Resignation, not until after the mid term election any way...

Gives the FED a license to keep hiking rates. Definitely not good news for imports to Japan.

Gives the FED a license to keep hiking rates. Definitely not good news for imports to Japan.

Don't worry, US retailers are sitting on $540 billions worth of inventory from last Christmas, they have no way of clearing it domestically so Japan will get cheap clearance goods soon enough.

IMO the feds is living on borrowed time from yesterday, 'yesterday, all my trouble seem so far away', but not today - if it weren't for the White House's new definition of 'recession', USA would be in one, and a bad one at that.

unemployment rate dropped from 3.7% to 3.5%, matching a half-century low.

Americans collecting unemployment aid rose by 21,000 to 1.39 million for the week ending Oct. 8.

The unemployment rate droped but the number claiming unemployment aid rose ?

when unemployment rate drops, should the number receiving unemployment aid also drop ?