Thursday, June 11, 2009

Extraordinary Claims: June 2009 Edition

Here's the latest UE claims data. I believe the data can be used as an early indicator of employment trends, but I need to look at what the precise correlations are.

Still pretty high.

Claims still haven't reached previous highs relative to the population. We've probably seen the peak rate, but like the last two recessions the falloff will be slow.

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