4 Signs We Are Not In a Recession
James Pethokoukis, at US News & World Report writes, "I know we are supposed to be in a recession since Warren Buffett said so, but the data refuse to fully cooperate":
Sign #1: Jobless claims remain stubbornly low. Initial claims in the week ending March 8 were unchanged at 353,000, while the four-week average edged down to 358,500 from 359,750 (see chart above).
Read the other three signs that we are not in a recession here.
MP: Note also that First Trust Advisors said last week that "initial claims for unemployment insurance were unchanged at 353,000 last week, still well below the 400,000 mark that could signal recession."