Click to enlarge.
Click to enlarge.
The trend in red is over. It's probably best to put away the party hats.
The next chart shows initial claims divided by nonfarm payrolls.
Click to enlarge.
It's just an opinion of course, but those who think Hurricane Sandy and the "fiscal cliff" are fully responsible for the end of the downward trend must also believe that magical unicorns inhabit our nation's many national parks.
See Also:
Extreme Initial Claims Danger v.27
Source Data:
St. Louis Fed: Initial Claims
DOL: Initial Claims
St. Louis Fed: Initial Claims / Nonfarm Payrolls
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