Thursday, October 29, 2009

Unemployment claims update

A quick update to this chart, which I haven't shown for several weeks. The 4-week moving average of claims continues to move down, even though claims recently have slightly exceeded expectations. The important thing is that progress is being made.


pjwash said...


It has been suggested that temp work may be a leading indicator to unemployment. In other words, temp work seems to pick up before full employment and temp work declines before full employment...If there is any truth to this, employment should pick up in the future...Temp agencies have been very busy.

Scott Grannis said...

Thanks, that's encouraging news.