Thursday, February 2, 2012

Continuing jobless claims at the highs of previous recessions

A lower "continuing US jobless claims" number today is welcome news. We may be seeing signs of employment stabilization. But let's take a step back and look at a slightly longer time period.

Continuing Jobless Claims SA (Bloomberg)

We are now at the highs of the previous two recessions. And that doesn't include all the people who are "rolling off" - no longer qualify for benefits. When it comes to US employment picture, we've got a long way to go...
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