14th week in a row >400k
prior revised upwards from 418k to 427k
This week 405,000 people lost their jobs. Last week it was 22,000 more (427,000). Therefore because
" Fewer people sought unemployment benefits last week, an encouraging sign the job market may be slowly improving"
By this reasoning, if we all quit our jobs, then there would be no new claims for unemployment after that and the economy would be fantastic.
This is from shadowstats.com. A more realistic picture of unemployment.
Quote: The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994.
Thanks for the graph. I love shadowstats.