Thursday, December 10, 2009

Christmas Card from the Labor Market: Jobless Claims Fall for 14th Week to 14-Month Low

The Department of Labor reported today that unemployment claims (4-week moving average) fell to 473,750 for the week ending December 5, which is the 14th consecutive weekly decline and the lowest level since the week of September 27, 2008, more than 14 months ago (see chart above).  


At 12/10/2009 9:41 AM, Anonymous Kevin said...

Shame shame professor for daring to call it a Christmas card and not a holiday card!

At 12/10/2009 10:48 AM, Anonymous Machiavelli999 said...

I'm just a little concerned that he'll be boxed in as one of those "conservative Fox guys"

I am not surprised that there are a lot of "conservatives" out there, I am surprised at how much of a market there is for these guys. I mean they all say the same few talking points. What does Stossel bring that a Glenn Beck or a Hannity or a Levin or a Limbaugh or an O'Reilly doesn't bring.

No offense, but you conservatives have no lives if you just sit there and listen to one talking head after another reaffirm your beliefs.

At 12/10/2009 2:06 PM, Blogger Trevre said...

Awesome! I love it and if you don't mind I am sending it to everyone I know with the message, "Merry Chrismas, God bless capitalism, I am sure there will be no shortage of credit taking."

At 12/10/2009 5:50 PM, Anonymous Scar said...

Total Non-Agriculture employment has just fallen for the 96th consecutive week.

Merry Christmas.

At 12/10/2009 6:51 PM, Blogger Chuck said...

If this was Arkansas, the descriptive term used to describe this line of thinking would be "incest". But here in PIXIE DUST Land it (incest) is called "independent thinking". You see, a college degree provides substantial benefits.

At 12/10/2009 9:35 PM, Anonymous Kevin said...

999 and Chuck - you obviously never watch or listen to the commentators you lump together. Your ignorance is clear and overwhelming.

At 12/10/2009 10:21 PM, Anonymous Ted Nugent said...

Um, claims increased 205,000 from the previous week (17,000 seasonally-adjusted).

Sure the previous week was Thanksgiving but this week's claims are 125,000 higher than the week before Thanksgiving. The moving average is temporarily covering up that gain. Unless next week's claims plummet, you're going to see the moving average turn up sharply.

At 12/11/2009 7:14 AM, Blogger Chuck said...

Ya think? Ever? Yours is a typical "incest" comment. When there is nothing constructive to say, as in a debate where facts count, folks of your intellectual caliber resort to stirring up the fears, prejudices and biases of the sheeples. Ya'll typically exhibit no independent thought except on a rare occassion. You may be suffering from incurable brain rot. But I am an optimist and maybe a brain transplant could be available you under the "public option".

At 12/14/2009 9:42 PM, Anonymous Grinch Kalikimaka said...

From these charts would you guess that jobless claims is lagging indicator compared to leading indicator of percent of population employed.



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