by Never seen so many charts that look pretty much like this: Much harder to get this cycle means that unemployment and benefits as defined are lower than otherwise, and that the counter cyclical stabilizing effect has been disabled: Most Unemployed People In 2018 Did Not Apply For Unemployment Insurance Benefits from the Bureau of Labor Statistics In 2018, 77 percent of the unemployed people who had worked in the previous 12 months had not applied for unemployment insurance benefits since their last job. Of the unemployed who had not applied, 3 out of 5 did not apply because they did not believe they were eligible to receive benefits. Still below 50 which means contraction, and still trending lower:
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WARREN MOSLER considers the following as important: Economic Releases
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WARREN MOSLER writes Consumer sentiment, real retail sales, industrial production, wages
WARREN MOSLER writes New manufacturers orders, vehicle sales, unemployment claims, rents, oil prices
WARREN MOSLER writes Saudi price hike, private payrolls, new hires, corporate profits
WARREN MOSLER writes Pending home sales, Durable goods orders, oil rigs and production
Never seen so many charts that look pretty much like this:
Much harder to get this cycle means that unemployment and benefits as defined are lower than otherwise, and that the counter cyclical stabilizing effect has been disabled:
Most Unemployed People In 2018 Did Not Apply For Unemployment Insurance Benefits
from the Bureau of Labor Statistics
In 2018, 77 percent of the unemployed people who had worked in the previous 12 months had not applied for unemployment insurance benefits since their last job. Of the unemployed who had not applied, 3 out of 5 did not apply because they did not believe they were eligible to receive benefits.
Still below 50 which means contraction, and still trending lower:
