The U.S. producer price index for final demand increased 0.5% from the prior month and 8.6% from a year earlier as initial unemployment claims in regular state programs totaled 293,000 in the week ended Oct. 9, a decrease of 36,000 from the prior week, Labor Department data showed.
In laymans terms this is a good this thing America all around. Any decrease in unemployment is a great thing humans got to used to sitting on their butts getting paid thousands to do so. While those of us who worked where lucky to make that kind of money a monthly basis. When we did we worked 4-0-60 hrs a week ro make as much as those sitting around watching re-runs.
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Source & Video: Bloomberg
Cover Photo: Yahoo