Skip to content




Jobless “Recovery”

The Initial Jobless Claims came out this morning at 584,000 versus a survey of 575,000.  Last month was revised up by 5,000 as well.  Bad news right?  WRONG!  Apparently the market likes this news because Continuing Claims “unexpectedly dropped” as quoted from Bloomberg.  Let me clarify what continuing claims is: “number of individuals who are unemployed and are currently receiving unemployment benefits”.  What happens when unemployment benefits run out?  They fall off the continuing jobless claims number.  Excellent, so we are celebrating a number which has declined because 50% of the people who started collecting unemployment never found a job and ran out of unemployment benefits.  That seems good for the market.   Just to clarify, the number of people running out of jobless benefits at 49.77% is an all-time high since the data was first recorded in January of 1980.

Does this seem like good news to you?

Does this seem like good news to you?

Be Sociable, Share!

Posted in Economics, Markets, Media.

Tagged with , .


0 Responses

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.



Some HTML is OK

or, reply to this post via trackback.



Get Adobe Flash player
Copyright © 2009-2013 SurlyTrader DISCLAIMER The commentary on this blog is not meant to be taken as an investment advice. The author is not a registered investment adviser. There is no substitute for your own due diligence. Please be aware that investing is inherently a risky business and if you chose to follow any of the advice on this site, then you are accepting the risks associated with that investment. The Author may have also taken positions in the stocks or investments that are being discussed and the author may change his position at any time without warning.

Yellow Pages for USA and Canada SurlyTrader - Blogged

ypblogs.com