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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Rarebird who wrote (4874)6/13/2001 5:33:35 PM
From: LLCF  Read Replies (1) of 74559
 
<Some Interesting Stats: Total state unemployment insurance claims has averaged over 2.8 million in the latest two weeks of May, up more than 400,000 within three months. The magnitude of this rise in such a short period has never before occurred within the 34 plus year history of the claims statistics without a recession. In fact, over the last 30 years the largest 3 month rise in average claimants that has ever occurred without a recession is 277,000, which was in January 1988. Year/year rise in total claims on the same measurement basis is now over 800,000 - that has never occurred unless you were at least 3 months into a recession.>

Interesting... AND cutting edge.. ie. the ramifications to income, savings, defaults, yada yada yada won't be known for months.

DAK
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