Article in the PiPress claiming the economy is improving because there were fewer applications for unemployment.<\/p>\n
http:\/\/www.twincities.com\/business\/ci_23550437\/us-unemployment-benefit-applications-fall-346k<\/p>\n
The article notes \u201cApplications are a proxy for layoffs.\u201d The reasoning is that as soon as you get laid off, you run down to apply for unemployment, which sounds right to me. Fewer people running down to apply means fewer people laid off means economy is better than it was.<\/p>\n
You know, I\u2019ve heard that \u201cproxy\u201d phrase before, last month. http:\/\/www.shotinthedark.info\/wp\/?p=36279 The economy was supposed to be getting better then, too.<\/p>\n
And also back in March: http:\/\/www.middletownpress.com\/articles\/2013\/03\/14\/news\/doc5141c7d613225691011181.txt?viewmode=fullstory<\/p>\n
Here\u2019s the thing: the number of applications has hovered around 350,000 for the last year, and that\u2019s consistent with the economy in 2003-04 <\/a>which was the end of the recession caused by the Twin Towers on 9-11-2001. (Chart only goes back 10 years).<\/p>\n US Initial Claims for Unemployment Insurance<\/a> data by YCharts<\/a><\/p>\n <\/p>\n So does the economy feel like it\u2019s two years after 9\/11? Does national security feel that way? A decade later, are we doing Better, Worse or Same?<\/p>\n Joe Doakes I’d love to hear the case for “better”…<\/p>\n","protected":false},"excerpt":{"rendered":" Joe Doakes from Como Park emails: Article in the PiPress claiming the economy is improving because there were fewer applications for unemployment. http:\/\/www.twincities.com\/business\/ci_23550437\/us-unemployment-benefit-applications-fall-346k The article notes \u201cApplications are a proxy for layoffs.\u201d The reasoning is that as soon as you get laid off, you run down to apply for unemployment, which sounds right to me. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57],"tags":[],"class_list":["post-36999","post","type-post","status-publish","format-standard","hentry","category-economy-and-the-market"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/36999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36999"}],"version-history":[{"count":3,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/36999\/revisions"}],"predecessor-version":[{"id":37009,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/36999\/revisions\/37009"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36999"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"US](\"http:\/\/media.ycharts.com\/charts\/e76d9019e711cd7de56c49cbd872e05a.png\")
<\/a><\/p>\n
\nComo Park<\/p><\/blockquote>\n