Jobless claims this week down to 435k and the four week moving average down to September 2008 levels, but those revisions every single week are adding up.
The real problem: just this week alone some 285,000 Americans fell off the 99-week benefit cliff. People who've been out of work since Christmas 2008 are now falling through the cracks here for Christmas 2010. In a few more weeks you're going to start seeing the big chunks of 99-ers fall into the abyss as the January 2009 era layoffs expire their benefits...just in time to ruin the holiday shopping season this year.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment