Click to enlarge.
Click to enlarge.
The trend in red is over. It's probably best to put away the party hats.
The next chart shows initial claims divided by nonfarm payrolls.
Click to enlarge.
It's just an opinion of course, but those who think Hurricane Sandy and the "fiscal cliff" are fully responsible for the end of the downward trend must also believe that magical unicorns inhabit our nation's many national parks.
See Also:
Extreme Initial Claims Danger v.27
Source Data:
St. Louis Fed: Initial Claims
DOL: Initial Claims
St. Louis Fed: Initial Claims / Nonfarm Payrolls
I, for one, welcome our new unicorn overlords.
ReplyDeleteCheers!
JzB
Jazzbumpa,
ReplyDeleteWhat the unicorn overlords lack in fairness, they more than make up with in cruelty.
Yes, praise be to the unicorn overlords! ;)
Technology and globalization have amplified one of the hallmarks of the capitalist system: business-cycle-related job insecurity.
ReplyDeleteWhere would we be today without mobile devices and the industry surronding them? Financial news disproportionately favors this subject matter. It's all that's left.
You're right. The "cliff" is a sideshow.
Fritz_O,
ReplyDeleteFinancial news disproportionately favors this subject matter.
I know. It's crazy. It's even more amazing when one looks at a long-term chart of Nokia. It's like there's always a line forming out behind the woodshed to deal with the stragglers.