Thursday, May 21, 2009

Jobless Claims: Green Shoots My A$$

16th week in a row initial claims topped 600,000

6th week in a row continuing claims topped 6,000,000 (and another new record)

IUR hits 5.0%

Early guess for May non-farm: -592,000


Confessions of a Temporal Lobe said...

Holy Schpincter! I do not even want to think of future VA loans defaulted on.

MK said...

Well said, the data from Fannie & Freddie is painting a picture considerably worse than the stress test secnarios.