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  • fobama72 fobama72 Nov 12, 2009 8:40 PM Flag

    Stability starting to show up in new unemployment claims.

    Let's celebrate..... it represents a .02% drop in claims. And anyway, who trust these numbers... the margin of error is around +/- 3% alone from accidentally fatfingering claims.

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    • With today's numbers, I have revised last night's statment to now read:

      If anyone has kept track of the weekly revisions to the weekly job losses, they would see on average the revisions have been an additional 4K per week. From July 16 to Nov 12 there have been an additional 65K jobs lost under the radar.

      The stability Tony refers to is equal to approx 1.43% (change/change)or .01% of workforce, but the average understatement adds back .7% not withstanding the total accumulated under-reported and the decreasing size of the workforce that makes the speed of the declince appear to be slowing, but in percentage terms represents a higher % of the remaining workforce losing jobs.

 
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