Entries from January 2002

January 2, 2002

The Collapace

The unemployment lines stretched to their longest in 26 years as Initial Jobless Claims jumped by 30,000 to 586,000 and above expectations of 558,000.  The four-week average of continuing claims rose by 93,000 to 4.32 million, the most since December 1982.  Of course this is a bad number, but we need to also factor in  [...]