- The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early January, as layoffs ease a bit amid a fledgling economic recovery.
- The Labor Department said Thursday that new claims for unemployment insurance dropped last week to a seasonally adjusted 521,000, from the previous week's upwardly revised total of 554,000.
Well if we are not recovering why does the stock market continue to rise day in and day out? This question has a simple answer. LIQUIDITY. Helicopter Ben continues to run the printing presses at full speed driving down interest rates and making money in America essentially free. This newly created money needs something to flow into and where do people put their money when they are worried about inflation? They put it in assets that perform well during an inflationary environment....gold, silver, stocks, and other commodities. This is why the market keeps rising, why gold is hitting new highs, and why the dollar continues to fall against the world's currencies. Do not fret though, you haven't missed the party. We still have another couple years of horrible deflation to fight through before the inflation party really gets rolling so don't believe the hype.