Calculated Risk: Weekly Unemployment Claims Increase to 455,000
Paul Krugman sends us to Calculated Risk, which says:
Calculated Risk: Weekly Unemployment Claims Increase to 455,000: The DOL reports on weekly unemployment insurance claims:
In the week ending Sept. 13, the advance figure for seasonally adjusted initial claims was 455,000, an increase of 10,000 from the previous week's unrevised figure of 445,000. The 4-week moving average was 445,000, an increase of 5,000 from the previous week's unrevised average of 440,000.
Yes, it's a recession.
