I wanted to call it "Derivative Economics" where people are so desperate to paint a "bright" economic picture they claim a "slowing down in the collapse" is a good thing. Ergo, it's akin to having a cancer patient and saying,
"Hey! GREAT NEWS! The cancer is spreading MORE SLOWLY NOW!"
"You mean I'll survive?"
"Oh, good lord, no! It's still spreading like a wildfire. Just slightly less fast now! We've increased your life expectancy from 2 weeks to 2 weeks 15 minutes!"
Ergo, why I tire of these types of stories.
Therefore, ladies and gentlemen, it's time for the ole Captain to do the job of the AP and just show you what unemployment claims look like.
I love how the "recovery" is still higher than any peak of unemployment in the past bar the Volcker Recession.
You know what to do!
Enjoy the decline!