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View Diary: First-time jobless claims soar to 360,000 (54 comments)

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  •  I shall take your suggestion into consideration... (7+ / 0-)

    ...but I for sure won't be judging the impact of first-time job benefits claims on how the stock market does day to day. It's been in record territory for some time now and there are still 25 million unemployed or underemployed Americans struggling to survive four years after the Great Recession officially ended. So, not exactly the best measure.

    Don't tell me what you believe, show me what you do and I will tell you what you believe.

    by Meteor Blades on Thu May 16, 2013 at 09:47:04 AM PDT

    [ Parent ]

    •  Do you have any idea what the (0+ / 0-)

      mean variation is in the claims numbers over the last two years?  It would be nice to know whether this is actually a statistically significant rise, or whether it's just on the larger side of the normal variation about the mean.  

      Just looking at the graph, it looks like the latter, but it's hard to tell without more info.  You say that the increase has only been exceeded three times in the last 2 1/2 years, but given that there's been a pretty steady downward trend over that entire time, I'm not sure that alone justifies the dramatic language you're employing.  Even in the case of the Hurricane Sandy, the numbers immediately fell to a lower number than in the week prior to the Hurricane.  

      To believe that markets determine value is to believe that milk comes from plastic bottles. Bromley (1985)

      by sneakers563 on Fri May 17, 2013 at 08:12:28 AM PDT

      [ Parent ]

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