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August 6, 2009

When Is A 550K New Jobless Report Good News?

-- by Dave Johnson

A 550K New Jobless weekly report is good news when it is lower than it has been. In normal times, though, a 550K report would be described as falling over a cliff.

The 2001 recession PEAKED at under 500K new unemployed a week.

Posted by Dave Johnson at August 6, 2009 8:36 AM


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