recently mentioned the correlation between Google Trends data on unemployment and initial unemployment claims data published by the government. As you can see, in the short period of time since that last post the Google Trends data has risen dramatically.I
I do not know if this is due to all the newly unemployed Census workers re-entering the ranks of the unemployed or if it is actually due to an 'unexpected' jump in initial claims. We'll have more clarity in a few hours.
Either way the trend is not positive . . .
Federal Reserve, Google