globaleconomicanalysis.blogspot.com - 8/1/2009
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The Department of Labor Weekly Unemployment Report is now so skewed by abnormalities, it is difficult to get a clear picture. First, let's take a look at the data. Seasonally Adjusted Data In the week ending July 25, the advance figure for seasonally adjusted initial claims was 584,000, an ...
econompicdata.blogspot.com - 8/7/2009
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econompicdata.blogspot.com —
Unemployment dropped from 9.5% to 9.4%, but why?
It looks like individuals left the labor force. Month...
over Month Change (S.A.) How does this work? The numerator in unemployment is unemployed... the denominator is labor force. Simplified example: ...
(more)
Unemployment Drop = Smaller Labor Force
dol.gov - 7/30/2009
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dol.gov —
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA
In the week ending July 25, the advance figure...
for seasonally adjusted initial claims was 584,000, an increase of 25,000 from the previous week's revised figure of 559,000. The ...
(more)
ETA Press Release: Unemployment Insurance Weekly ...
reuters.com - 7/30/2009
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reuters.com —
Lynn Adler NEW YORK (Reuters) - Cities in
the U.S. Sun Belt states of California, Florida, Nevada...
and Arizona dominated the record foreclosure spree in the first half of the year, but distress in other regions emerged as joblessness spread, RealtyTrac ...
(more)
Unemployment spreads distress in U.S. home loans
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Weekend Linky Dinks
UpsideTrader —
... recession , just the beginning. Ruth has a stash. Bankruptcies aren’t just in the financials anymore. Photos of the greediest people of all time. Laugh my ass off . Rage against the machines. Don’t worry Grndama , they’re from the government and they’re here to help. Are great traders born or made? Who knows, Howard Lindzon on having a routine–in anything. The truth will set you free, it’s always about the e-mail. Unemployment is still the key, it gets worse and the rest is just noise until it improves. ...
The Dismal State of Unemployment
Minyanville —
... Chris notes: "The EUC and the extended benefits come out with a lag as Moody s had data for them only up to July 11 while the continuing claims data is up to July 18. The charts above are through July 11."I commented on the above series of charts in Weekly Unemployment Claims Portend Disaster. Here s a snip. Unparalleled Continuing Claims On a percentage-of-population basis, this recession is unparalleled. Making matters worse, the US consumer was nowhere near as leveraged to real estate in 1980 or 1982 as now. Also note that boomers are heading into retirement now, ...
Related Content
There's Unemployment, and Then There's Unemployment
paul.kedrosky.com 1/11/2009 — I have been sent this Reuters story from yesterday umpteen times, so I may as well post it, as well as the underlying graph. The gist: If unemployment were being measured the same way as it was during the Depression, the U.S. would be well on its way ...
How Bad Will it Get?
economistsview.typepad.com 2/18/2009 — It's not looking good. Many people have been trying to make the case that the current downturn is no worse than the downturns in the 1970s and 1980s, but there's reason to think this downturn is following a different, more worrisome trajectory:
...
Continuing Claims vs Economically-lagging Unemployment
ritholtz.com 5/10/2009 — Bob Bronson took a closer look at what the Unemployment data was suugesting. His view: Continuing Claims are contradicting the widely accepted view that “Less Bad Emplyment data = end of recession.”
Bronson:
“Continuing Claims ...
True Unemployment Numbers
philstockworld.com 7/9/2009 — Courtesy of John Lounsbury :
The current official unemployment figure (9.5% for June) should be replaced (or at least supplemented) by a better measurement of actual unemployment. Unemployment should be measured in terms of hours worked by all employees, full-time and part-time. ...
The Big Picture
bigpicture.typepad.com 9/30/2009 — Unemployment Reporting: A Modest Proposal (U3 + U6) Earlier this week, I received an email from the Real Estate editor of an (unnamed) publication. They wrote: "Just wanted to point out something I read in a Wall St. Journal article that made me think ...
More BAD News (Unemployment Claims)
market-ticker.denninger.net 8/6/2009 —
I love how the media (CNBC in particular) "spins" the weekly unemployment report.
Let's dissect it - again.
Continuing claims is the key number. It rose 69,000 from the week previous on a seasonally-adjusted basis.
But look down the table in that report. 139,291 people rolled ...
Unemployment over 11%?
tvhe.co.nz 2/23/2009 — NZI has suggested that unemployment may go over 11% . Now although it sounds like this estimate is no more than random conjecture (the countries in the Rogoff study are not comparable to the New Zealand case), it is still worth putting what this means in some historical context.
Source ( ...
US Unemployment, 2004-09
ritholtz.com 30 days ago — Tomorrow is NFP day — and when those numbers come out, we won’t have much time to discuss much else.
So while I am winging to Austin early this a.m., I wanted to share these interesting run of charts, via F lowing Data , showing ...
Jobless Benefits Are Running Low —
The Big Money 8/2/2009
The New York Times leads today with a piece on dwindling unemployment funds. According to the article, over the next few months as many as 1.5 million Americans will run out of their unemployment insurance benefits. Emergency extensions already ...
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