Thursday, July 30, 2009

If It's Thursday...

New jobless claims up to 584,000, continuing claims down slightly to 6.2 million. Getting to the point where we are starting to see people exhaust their unemployment benefits, despite extensions included in the stimulus package, and off they fall into U-6 land.

Luckily there's starting to be more unemployed to replace them. Joy. We're starting to reach equilibrium, however.

Welcome to the new normal.

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