Thursday, September 17, 2009
Claims continue their slow but relatively steady descent from the highs of last March. At this rate we might see claims back to some "normal" level by perhaps the fourth quarter of next year. The unemployment rate is unlikely to go much higher than it already has, but it is not going to drop significantly by the time elections roll around next year. Another "jobless recovery" is likely to be one of the election memes.
Posted by Scott Grannis at 10:58 AM