Important Data Update 6.648 million! Another astounding HUGE jump in weekly US jobless claims … and well beyond the vast majority of projections by academic and Wall Street economists. Sadly, it’s yet another indication of the massive ongoing hit to the labor market whose immediate devastating effects on social/economic/financial well being will also have an unfavorable longer-term impact. Also serves as a reminder of the difficulties of aligning collective/individual corporate interests. #economy #markets #jobs #employment #unemployment #wages #jobless …see more