Jobless claims edge up to highest since January; planned layoffs soar; trade deficit hits 2022 low
Layoffs destroy peoples lives and small business. But believe it or not it’s a great way to help stem inflation.
At least that’s what the elected democrat from California and inside traders Nancy and her husband Paul Pelosi who spent 4th of July on a beach in Italy think.
https://www.cnbc.com/2022/07/07/jobl...-2022-low.html
Quote:
Initial filings for unemployment benefits totaled 235,000 for the week ended July 2, a gain of 4,000 from the previous period.
The U.S. imbalance for goods and services declined to $85.5 billion, from $86.7 billion in April.
Another report indicated that companies announced 32,517 layoffs in June, a 57% jump from a month ago and the highest total since February 2021.
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