Jack Farley is a journalist at Real Vision, where he is responsible for booking, coordinating, and conducting interviews. He can be found introducing The Real Vision Daily Briefing on Mondays and Fridays. He previously worked at Bloomberg L.P. and Dealbreaker, and he majored in Economics at Brown University, where he specialized in macroeconomics and financial history.
Divergent PMI readings between the U.S. and Europe indicate a stark contrast forming between the two continents. While Europe was hit with a wake-up call today, it looks like the American dream has yet again bought itself more time.
Today, initial jobless claims have dropped below 1 million to 963,000, seasonally adjusted for the week ending August 8. This is the first time that initial jobless claims fell below the one million level since the beginning of the pandemic in March.