Relevant:
- New jobless claims unexpectedly drop to 639,000
- Jobless Claims in U.S. Rise to Highest in Almost Three Months In Surprise
- New Jobless Claims Fall More Than Expected
- Initial Claims Surge Far Higher Than Consensus, 1.2 Million Americans Have Dropped Off Extended Benefits Claim In Past Year
- U.S. Jobless Claims Unexpectedly Climb to Five-Month High
2009-06-18 — blogspot.com
"Looking ahead, expect the administration to highlight the huge drop in continuing claims as if it means something necessarily good. It doesn't. The drop in continuing claims means more home foreclosures and credit card defaults are coming because 49% of those who were receiving benefits now have no money coming in at all."
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