Weekly Initial Unemployment Claims increase BACK UP to 418,000

[mEDITate-OR:
not even see that you are seeing something new...
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From W and 9-11 things looked like they were getting better
but at the end, finally, of W, the wheels came off.
And, BO has not, and will not, fix it.
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Of course, the Bad News is that new claims are back up...
and still up over 400K for the 15th week...!!!
The REAL Bad News is that UI claims prove that this IS an "L" shaped
or a non-jobs recovery, non-economic recovery.
The worst of both worlds - for U.S.
Wonderful profits for companies, lousy income for the rest of U.S.
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The Good News is that Bill@CR is now showing U.S. a more targeted
as in more narrow view of the UI numbers.
While Bill's "long form" charts are as good as they get, or the best available
they often do not show U.S. the "micro" economic view we need
to fully understand the MACRO economic movement that we also need.
What Bill did, for a short while, was put a small insert into his larger graph
that showed U.S. the "narrow view" of the current volatility.
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What Bill shows U.S. this time is the extreme NON-volatility.
That IS what an "L" shaped recovery is.
Youse guys ain't goin no where, fast, see...???
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Weekly Initial Unemployment Claims increase to 418,000
http://www.calculatedriskblog.com/2011/07/weekly-initial-unemployment-claims_21.html
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