Thursday, February 2, 2012

Unemployment Insurance Claims: Healing Slowly but Surely.

The following graph compares the 4 week moving average of initial claims from the 2007 peak with the one from the 1981 recession.  As you can see, jobless claims have been much more persistent than in previous recessions.
























The blue line is from the 2007 and the dashed red line is from 1981.  The x-axis is in weeks after the peak. As the graph suggests- we still have a ways to go before we get back to normal levels but what it also shows is that much healing has already taken place.  This is undoubtedly good news for fridays Employment Situation.

Keep Dancin'

Steven J.

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