Chart of the Day: Record Low Unemployment Claims And What Happens Next

Doug Short at Advisor Perspectives creates fantastic charts. This one shows the long term downtrend in initial unemployment claims. It correctly points out that claims are presently at the lowest rate in history as a percentage of population. But is that bullish? The notations in the upper 3/4 of the chart are those of Advisor Perspectives. At the bottom I have added "Adler's perspectives." Initial Unemployment Claims Record Low- Click to enlarge

Original chart source (before our annotations): Advisor Perspectives

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.

Get Access