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June 14, 2010 Graph of the Day for June 14, 2010
"Little more than a year ago, the economy was in freefall. Today, it's growing again. Little more than a year ago, the economy was losing an average of 750,000 jobs per month. It's now been adding jobs for five months in a row." President Obama, June 11, 2010.
"A mixed-bag week on the employment front: Initial jobless claims were higher than expected, although they dipped 3,000 to 456,000 for the week ending June 5... A Bloomberg survey had expected initial jobless claims to fall to 448,000. Meanwhile, the more telling four-week moving average -- which smooths out anomalies for holidays, strikes etc. -- increased 2,500 to 463,000. Jobless claims need to drop below 400,000 during the next two quarters to give economists and investors confidence..." Joseph Lazzaro, Daily Finance, June 10, 2010.  Data source: St. Louis Fed/Fred, ICSA series. HT: Innocent Bystanders for the idea. Hoven's Index for June 14, 2011 Trends (linear regression) in initial jobless claims: From April 2009 through February 20, 2010: -4,331 per week. From February 27 through June 5 (most recent), 2010: +314 per week. From May 1 through June 5 (most recent six weeks), 2010: +2,229 per week. Data source: St. Louis Fed/Fred, ICSA series. Graph of the Day Archive. |
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