I am a regular "Joe" may be not a plumber but a regular average next door guy who is concerned with USA economy. Currently underemployed and with a $ 250 000 in student loans and with a bankruptcy filed not long time ago my passion for the state of the economy arouse ... My purpose is to gather information from different journals and or blogs and help those fellows americans interested in the economy have a broader perception of what really is happening.
Here again is Mish with his dissecting keen mind: the weekly unemployment claims have dropped but when it is compared with a 4 week chart and a yearly one what we see it is interesting: claims are on the peak level of the last 2 recessions, now when you see yearly claims since 2007 we come to realize that we need 400 000 or bigger job figures to say that we are exiting a recession yet the chart chose the opposite: we are getting closer to numbers that are synonym of recession
Here again is Mish with his dissecting keen mind: the weekly unemployment claims have dropped but when it is compared with a 4 week chart and a yearly one what we see it is interesting: claims are on the peak level of the last 2 recessions, now when you see yearly claims since 2007 we come to realize that we need 400 000 or bigger job figures to say that we are exiting a recession yet the chart chose the opposite: we are getting closer to numbers that are synonym of recession
ReplyDelete