The household number of employed -- which typically bottoms before the establishment survey -- may have bottomed. Note the blue line above.
Secondly -- and this is from Barry over at the Big Picture -- the recent spike up in initial unemployment claims is actually pretty typical.
1 comment:
Love it....it shows the 52 week
moving average of non seasonally
adjusted jobless claims...remember it has a .91 statistical correlation with the unemployment rate.....
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