Comments on: New unemployment claims are coming down http://www.creditwritedowns.com/2009/11/new-unemployment-claims-are-coming-down.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: Edward Harrison http://www.creditwritedowns.com/2009/11/new-unemployment-claims-are-coming-down.html#comment-57579 Edward Harrison Thu, 12 Nov 2009 16:25:00 +0000 http://www.creditwritedowns.com/2009/11/new-unemployment-claims-are-coming-down.html#comment-57579 I do. It says that there may be undercounting (small businesses?). I don't believe for a second we lost the number of jobs in the last three months that the household survey shows. It seems like a lot of it is people's reporting status changing. Generally, I look at the unemployment insurance numbers as the best gauge we have. They tell me -200,000 jobs or maybe -300,000 per month is where we are right now. I do. It says that there may be undercounting (small businesses?). I don’t believe for a second we lost the number of jobs in the last three months that the household survey shows. It seems like a lot of it is people’s reporting status changing.

Generally, I look at the unemployment insurance numbers as the best gauge we have. They tell me -200,000 jobs or maybe -300,000 per month is where we are right now.

]]> By: OregonGuy http://www.creditwritedowns.com/2009/11/new-unemployment-claims-are-coming-down.html#comment-57578 OregonGuy Thu, 12 Nov 2009 16:13:00 +0000 http://www.creditwritedowns.com/2009/11/new-unemployment-claims-are-coming-down.html#comment-57578 Ed, What about the household survey? It seems to show a consistently higher level of job losses and continuing unemployment than the establishment survey. Do you place any weight on these numbers? Thanks. Ed,

What about the household survey? It seems to show a consistently higher level of job losses and continuing unemployment than the establishment survey. Do you place any weight on these numbers?

Thanks.

]]>