![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjJt232Sf068Yfa1grVtittx1um8i49lUYl4EgY1m5qAqZmhtzs6g_I7Dx8WguFLT2Llg1V63L9ojv6-nn42Xylg19KGLy7Yd_vSqJXbYLSTtVzVtffCEK21lniNCNipN1X4WOAywWmnU/s320/Weekly+Claims+4-wk+avg)
I have been expecting to see the rise in unemployment claims to reach a peak, but that has not yet occurred. Things look pretty grim according to this chart, but if you compare claims to the total number of people working, we are about 30% below the levels seen at the peaks of the 1975, 1980, and 1981-2 recessions. This is turning into a painful recession, but it's still far from being the worst.
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