New jobless claims this week up 8K to 480K. Continuing claims basically unchanged at 4.6 million.
Big story, 4Q productivity in the U.S. up a whopping 6% in the country. You worked 6% harder last fall and overall 2.9% for the year.
Did you get a 5% raise this year for your additional work and to cover inflation? I'm guessing for a vast majority of us the answer is we're making the same now that we did three, four years ago. Some of us are making less, far less.
Funny how that works. Doing more work for less money. Isn't the free market great?
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