Brad DeLong Smackdown Watch-Steve Horwitz Edition--or Is It?
A 6.2% Productivity Growth Quarter, a 5.1% Productivity Growth Year

Unemployment Insurance Claims

Economagic: Economic Chart Dispenser

This is the fifth year in a row in which the year start has been accompanied by a drop in seasonally-adjusted UI claims that is then immediately reversed--suggesting that there might perhaps be a small bug in the seasonal adjustment process.

This year, fortunately, the reversal has been small...