Unemployment claims came in with a strong showing today. Seasonally adjusted claims were 364,000, below the magic number of 375,000 that is associated with strong employment growth. More importantly, the 4-week average continues to show a year-over-year improvement of 30,000+. If that trends continues we should see a good first quarter of 2012--look for significant employment increases then. But don't expect a paved road: the Fed is still not allowing money supply (M3) to grow, and the economy will be muted until the Fed gets its act together.
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5/22/2012 08:48:31 pm
Nice blog about the employment crises and the points which are described are also interesting to read.
jfo
5/28/2012 10:20:52 am
Thanks! 7/8/2012 04:22:22 pm
There is lot of articles on the web about this. But I like yours more, although i found one that’s more descriptive. 8/12/2012 05:03:16 pm
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James F OehmkeMy biases are socially liberal and fiscally conservative, but I try to present objective economic analysis and interpretation in my blog. Archives
July 2012
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