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    The Obama New Normal Is Back! Jobless Claims Much Worse Than Expected As Companies Stop Hiring Under Biden/Kamala Policies

    February 18, 2021
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    The Obama new normal is back with a vengeance as companies stop hiring, fearing the consequences of the economic policies coming from The White House.

    Initial jobless claims released this morning missed big.

    The cancellation of the Keystone Pipeline, talk of a $15 Federal minimum wage, skyrocketing irresponsible spending, out of control graft, debasement of the US Dollar, lockdowns, etc, etc have scared away the Trump magic trick of a growth economy.

    This is all on purpose of course, as Biden's real task is to not allow Americans to have jobs, but just the opposite. Weakening of America is the goal.

    The problem the Democrats now in illegitimate power have is that under Trump, minorities realized there was a choice. A choice to become prosperous and build for one's own family versus being on the government plantation. Biden's attempt to squash new awareness this will bring negative fruit for those currently in power.

    Initial Jobless Claims (Feb 12) printed at 861k vs 765k estimate.

    Initial Jobless Claims 4-week average (Feb 12) printed at 833.25M.

    Building Permits (MoM) (Jan) printed at 1.881M vs 1.678M consensus estimate.

    Import Price Index (MoM) (Jan) printed at 1.4% vs 1.0% estimate.

    Housing Starts (MoM) (Jan) printed at 1.58M vs 1.658M estimate.

    Continuing Jobless Claims (Feb 5) printed at 4.494M vs 4.413M estimate.

    Philadelphia Fed Manufacturing Survey (Feb) 23.1 vs 20 estimate.

    Import Price Index (YoY) (Jan) printed at 0.9%.

    Export Price Index (MoM) (Jan) printed at 2.5% vs 0.7% estimate.

    Export Price Index (YoY) (Jan) printed at 2.3% vs 0.4% estimate.

    Building Permits Change 10.4%.

    Housing Starts Change (Jan) -6% vs 0.6% estimate.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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