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Unemployment Claims Falling Faster than in Half of Past Recessions
The U.S. Department of Labor released the Unemployment Insurance
Weekly Claims Report showing that initial jobless claims decreased
10,000 in the latest week to 570,000 from an upwardly revised 580,000
the week prior. The 4-week moving average is now 566,250, less than
100,000 off the April peak. Since the week ended Jul. 18, the average initial claims figure has
been hovering in the 560-570,000 range. So, this marks six straight
weeks during which we have seen no discernible improvement in the
employment picture painted by jobless claims data. It is now 20 weeks since initial jobless claims peaked and
we are shedding only 92,500 fewer jobs. I found this quite worrying
until I compared it to previous recession , demonstrating that
the last two jobless recoveries had a similar dynamic. Even
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YOUR MESSAGE HERE
Unemployment Claims Falling Faster than in Half of Past Recessions
The U.S. Department of Labor released the Unemployment Insurance
Weekly Claims Report showing that initial jobless claims decreased
10,000 in the latest week to 570,000 from an upwardly revised 580,000
the week prior. The 4-week moving average is now 566,250, less than
100,000 off the April peak. Since the week ended Jul. 18, the average initial claims figure has
been hovering in the 560-570,000 range. So, this marks six straight
weeks during which we have seen no discernible improvement in the
employment picture painted by jobless claims data. It is now 20 weeks since initial jobless claims peaked and
we are shedding only 92,500 fewer jobs. I found this quite worrying
until I compared it to previous recession , demonstrating that
the last two jobless recoveries had a similar dynamic. Even
If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.