The outlook for the US economy has hit a rough patch lately, according to some indicators, but you wouldn’t know it from the weekly updates on jobless claims. This leading indicator continues to paint an upbeat profile for the labor market, which suggests that whatever’s weighing on the broad macro trend will soon fade.
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● Jobless claims fall to nearly 15-year low | USA Today
● US leading economic index rose 0.7% in May | MarketWatch
● Inflation Genie Slow to Emerge, Affirming Fed’s Gradual Path | Bloomberg
● Consumer Comfort in US Climbs After Falling Record 9 Weeks | Bloomberg
● Philly Fed Index Jumps To Six-Month High In June | RTT
● What happens next if Greece defaults on IMF? | Reuters