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To: Wyatt's Torch
So the data in this chart, showing -66K with a net +113K is consistent with 350K new claims?
51 posted on 02/07/2014 8:02:43 AM PST by NY.SS-Bar9 (Those that vote for a living outnumber those that work for one.)
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To: NY.SS-Bar9
Sorry I'm missing the -66K you are referencing on that chart.

The +113k is a bit light with an environment of +350k new claims. Remember that +350k initial claims is but one side of the equation. Difference is that other recoveries have been in the 4-6% GDP growth range. This time it has been 2-3% growth. The Initial Claims number doesn't bother me one bit. It's on the low side historically. The NFP growth number does bother me as does relatively weak GDP growth for the reasons I've outlined in another post in this thread (and numerous others).

Here is the trend of NFP, UE and Initial Claims over the last 25 years:


57 posted on 02/07/2014 8:15:19 AM PST by Wyatt's Torch
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