Initial weekly unemployment claims is a volatile number, subject to revisions. Regardless the below graph shows a disturbing trend in weekly initial unemployment claims, they simply are not going down to pre-recession levels. The 4-week average on initial unemployment claims is as high as April 2010.
Most readers on this site know initial weekly unemployment claims is a volatile number, subject to revisions. Tomorrow the monthly unemployment report will be released. Regardless the below graph shows a disturbing trend in weekly initial unemployment claims, they simply are not going down to pre-recession levels. The 4-week average on initial unemployment claims is as high as March 2010.
While digging around in the very statistically noisy initial weekly unemployment claims, which usually generate a whole lot of headline buzz and a warm fuzzy, but do not capture the real state of unemployment....
I came across this AP headline, 20 million-plus collect unemployment checks in '09.
Recent comments