Attempting to make sense of the financial world
Greg I wouldn't worry about the whiff. The way initial claims works is that once a person claims during that state's fiscal UI year the person then files continuing claims (whether they have interim employment or not). So many people are in the "bouncing employed" category I'm sure the continuing claims number is going to be just as high as ever.People have been out of work so long the only really valid measure of workforce is the number of people working as a percent of total available workforce. I think it's somewhere around 58% right now... a frighteningly low figure.