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Did anyone notice that the revisions in initial unemployment insurance claims today pushed the four week moving average up to 440,500, up 19,500 from last week.

Anything above 400k is regarded as recession territory. We just transitioned from teetering on the edge of a recession to plummeting.

Here’s my post in February on the topic, when claims were at 375,000.

This entry was posted on Friday, August 15th, 2008 at Aug 15, 08 | 5:54 am and is filed under Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.