Weekly claims for unemployment have risen about as much as they did in the 2001 recession, and that was the mildest on record. Claims haven't risen at all in the past three weeks. While the rise we've seen so far looks like it would qualify as a recession, the net loss of jobs so far has not been as much as in past recessions. The jury is still out on whether this is a recession.
Thursday, October 23, 2008
Unemployment claims suggest mild recession
Weekly claims for unemployment have risen about as much as they did in the 2001 recession, and that was the mildest on record. Claims haven't risen at all in the past three weeks. While the rise we've seen so far looks like it would qualify as a recession, the net loss of jobs so far has not been as much as in past recessions. The jury is still out on whether this is a recession.
Props to you Scott, good blog, strong data.
ReplyDeleteKeep it up!