econbrowser.com - 5/15/2009
—
A couple of disappointments in this week's data.
New claims for unemployment insurance have peaked just before the end of each of the last half-dozen recessions.
Black line: 4-week average of seasonally adjusted weekly initial claims for unemployment insurance, from Department of ...
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Economic indicators take a negative turn
The Skeptical Speculator —
James Hamilton looked at the latest US economic indicators and asked "Where's my recovery, dude?" [T]he Labor Department reported today that seasonally adjusted new claims for unemployment insurance rose by 32,000 for the most recent available week. That bumps the 4-week average to 630,000, up 6,000 from its value the previous week... Well, if recovery cannot be discerned from the latest US data, it's not apparent in today's European GDP report either. From Bloomberg: Europe’s economy contracted at a record pace in the ...
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