## Friday, March 5, 2010

### Two Points on Employment/Unemployment

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:

brodero said...

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.....