The good news? US initial jobless claims chimed in at 199k, the lowest since 1969.
Beating the expectation of 218k jobless claims.
The bad news? Despite the excellent employment news, M2 Money Velocity (GDP/M2) still has not recovered from The Great Recession and global financial crisis.
The Clinton/Gteenspan “miracle” was a combination of reducing M2 Money stock growth to near zero while GDP boomed after the 1990 recession. Unfortunately, such a miracle is unlikely in to today’s over-stimulated low-interest rate world.
To use a Clue analogy, Greenspan/Bernanke/Yellen/Powell did it with a printing press on Wall Street. Perhaps Fed Chair Jerome Powell is REALLY Colonel Mustard!!