Jobless Claims at Lowest since 1973 but GDP Going Nowhere.

Consumer Price Index (March 2016)

– CPI overall month/month  +0.1%. Previous was -0.2%
– CPI overall year/year   +0.9%. Previous was +1.0%
– CPI core (less food & energy) month/month +0.1%. Previous was +0.3%
– CPI core (less food & energy) year/year  +2.2%. Previous was +2.3%.

The Federal Reserve seems dedicated to pushing CPI higher and, in that effort, are failing.

 

Initial Jobless Claims (week ended 4/9/2016)

– New Claims seasonally adjusted 253,000. Previous was 266,000
– New Claims unadjusted totaled 270,563 an increase of 25,528 from previous
– 4-week Moving Average  265,000. Previous was 266,500

We have Jobless Claims at the lowest level since 1973 but near-zero growth in GDP.