The four week moving average for unemployment claims is 207,000. The September 29th weekly new unemployment claims is the same number, 207,000. The four week average is 500 more than the four week average from the week before.

I haven’t read the entire report which I might get time to do this evening, but. my guess is technology is removing jobs. The huge tax break Wall Street received, after they stuffed shareholders pockets, probably gave them a business treasury that was bulging. Wall Street will convert to technology as a so called investment and put people out of work.

I believe the jobs the USA is losing are permanent losses due to new business infrastructure. The fact more than 200,000 jobs are being lost consistently for the past several weeks, it is a worry. Realize that in the past five weeks over a million jobs were lost. The job market cannot continue those losses without an impact to the USA economy.

When 2007-2008 came to a maximum the USA was shedding 800,000 jobs per week. I don’t believe this is good news. If these jobs are being replaced by technology that is a steady loss to the country that is unsustainable. The debt to the Treasury means there is no wiggle room for any future stimulus. Americans should be worried.

Businesses are also tightening their budgets due to the unknown factor of the tariffs. That is also an impact that is most probably not reversible. Like Harley Davidson the jobs that would generate tariffs are now being shipped overseas in new infrastructure where the clientele are and those will be permanent losses because of the significant investment in land and building new infrastructure in other countries.

The example of Harley Davidson is proof that tariffs as an income to the USA treasury is not sustainable and will ultimately hurt the USA economy. Those jobs Harley are moving to Germany are gone and aren’t coming back and the income from tariffs are going with them.

There are a lot of moving parts to the USA economy and with an average loss of 200,000 jobs a week, it simply doesn’t look good. No work - no economy.