Mish's Global Economic Trend Analysis: Lost Decade For Jobs

Description

Before taking a look at the worst 10-year job growth record since the Great Depression, let's take a look at the unexpected rise in weekly unemployment claims.

Please consider the Department of Labor Weekly Claims Report.

Seasonally Adjusted Data

In the week ending June 20, the advance figure for seasonally adjusted initial claims was 627,000, an increase of 15,000 from the previous week's revised figure of 612,000. The 4-week moving average was 617,250, an increase of 500 from the previous week's revised average of 616,750.

The advance seasonally adjusted insured unemployment rate was 5.0 percent for the week ending June 13, unchanged from the prior week's unrevised rate of 5.0 percent.

Original URL

http://globaleconomicanalysis.blogspot.com/2009/06/lost-decade-for-jobs.html

http://globaleconomicanalysis.blogspot.com/2009/06/lost-decade-for-jobs.html