Friday, August 20, 2010

A Note on Initial Jobless Claims

One of the frustrating aspects of the initial new claims data is there is no underlying information -- that is, there is no information about what types of jobs are being lost. Here is a small peak into that information from the NY Times:

State and local governments have let go 102,000 more employees than they have added in the last three months, and economists are concerned that with revenue so depressed, school payrolls could shrink more in coming months.