tag:blogger.com,1999:blog-6616959642391988608.post8232659153070155657..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: One hiccup in claims doesn't mean anythingScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6616959642391988608.post-91801839397256648292010-02-04T12:26:07.193-08:002010-02-04T12:26:07.193-08:00the 52 week moving average of nonseasonally adjust...the 52 week moving average of nonseasonally adjusted jobless claims peaked in November at 577,109. This average today is 553,980. This metric has a .91 correlation with the unemployment rate. So the direction is positive.<br />One item of note is with this metric all major states are moving <br />favorably except for one. Unfortunately that state is California. This moving average<br />has broderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-86605929512678599572010-02-04T12:09:32.081-08:002010-02-04T12:09:32.081-08:00Scott,
Do you really think the market is spooked ...Scott,<br /><br />Do you really think the market is spooked by the first time unemployment claims? We have had about half a million people or more applying for unemployment for for the first time each week for well over a year.....I guess the difference now is practically no one is hiring where as tradtionally about 250K jobs were being created per week.<br /><br />Do you think an issue might bealstryhttps://www.blogger.com/profile/16025398896639165994noreply@blogger.com