This is consistant with a loss of 80,000 jobs a week. Claims 4 week moving average needs to fall below 400,000 to see any improvement. This far into V-SHAPED recovery......this is not consistant with ANY prior recovery pattern.If people are not getting jobs, decent paying jobs, that is why with record low mortgage rates you can get almost no interest in buying a home....a 13 year LOW.
I pray for recovery, we need it NOW, but all we have done is BUY what we currently call recovery, and further indebted the government....TAXES WILL RISE further hindering recovery efforts.
MANY PENSION FUNDS are DEEP in the red, here is just CALIFORNIA. Problem is they PROJECT 8% anual returns and when they stuck heavily to bonds, during the BULL all was well.
Last 10 years stocks have gone NOWHERE, but most pension funds stuck to a heavily stock market exposed protfolio.....almost no one is talking about this. And it has hit MOST State pension funds.....IMHO a CRISIS
Duratek
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