US UNEMPLOYMENT FIGURES
Unemployment claims are not as good as the government makes them appear: the government makes big seasonal adjustments to the data that likely obfuscate that a lot of people actually are making new claims for unemployment. The most quoted headline number had a very big seasonal adjustment, which had the net effect of making it look like unemployment improved in the last two weeks.
Unemployments continues to climb towards the “magical” 10 %
July 21, 2009
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Tags: Unemployment claims
Carlos de Paladella Said,
August 9, 2009 @ 12:13 am
…..but now this: As Economy Turns, Washington Looks Better …http://www.nytimes.com/2009/08/08/business/08leonhardt.html