Saturday, June 19, 2010

Weekly Unemployment Claims: Downward trends stops cold

We could be cursed with high unemployment for years to come

Since December 1st, 2009, weekly unemployment claims have average about 460,000. A figure is is stubbornly high for a growing economy. You have to ask if we have reached a new bottom on unemployment and things won't get much better.

You can clearly see the flat trend from the past six months in this historical graph of claims since 1999

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