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"Low Hire, No Fire": Jobless Claims Unexpectedly Plunge To Record Low
"Low Hire, No Fire": Jobless Claims Unexpectedly Plunge To Record Low
We have gone from a "low hire, low fire" economy to "AI chatbot hire, no fire." We joke, but really there is no other way to explain what is going on here: this morning the Dept of Labor reported that in the week ended April 25, jobless claims fell 26k to 189k (from an upward revised 215k), compared with median est. 212k. And... are you sitting down... this was the lowest weekly jobless print on record.
With the est. range at 205k-228k, today's...
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Apr 30, 2026 / Tyler Durden
The Most Splendid Housing Bubbles In America
The Most Splendid Housing Bubbles In America
Authored by Wolf Richter via Wolf Street,
In 27 of the 33 big and expensive cities we track here, mid-tier home prices in March were down from their respective peaks in prior years, led by Austin (-26%), Oakland (-25%), and New Orleans (-19%).
Now also filtering into these mid-tier home prices is the “mansion shortage” in San Francisco, the epicenter of the AI investment bubble. Total employment in the city dropped and the unemployment rate ticked up. But a relatively small number of super-highly paid...
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Mar 2, 2026 / Dave DeCamp
US and Israeli Attacks Have Killed at Least 555 in Iran: Iranian Red Crescent
The Iranian Red Crescent Society (IRCS) said in a statement on Monday that at least 555 Iranians had been killed since the US and Israel began bombing Iran on Saturday morning. Heavy US and Israeli strikes have been pounding targets across Iran since then, and President Trump vowed on Monday that the bombing would escalate. […]
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Feb 26, 2026 / Kyle Anzalone
Oman: Significant Progress Made During US-Iran Talks
The Omani Foreign Minister said that significant progress was made during talks between the US and Iran on Thursday. “We have finished the day after significant progress in the negotiation between the United States and Iran,” Omani Foreign Minister Badr Albusaidi wrote on X. “We will resume soon after consultation in the respective capitals. Discussions […]
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