Friday, June 19, 2009


The Doubling Of Unemployment "Paychecks"

As program trading computers pretend to care about such fundamental things as continuing jobless claims, a peculiar trend emerges. Over the past two months, it has become obvious that while continuing claims have doubled (up 124% to be precise from March 2007) - a major metric that many market participants (at least ones not based on a SPARC architecture) have been following - another, potentially more troubling observation is that Monthly Unemployment Payments have doubled the rate of increase in jobless claims (234% from March 2007 based on the Treasury Daily Statement)...

Zero Hedge: The Doubling Of Unemployment "Paychecks"

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