Graph of the Day for August 8, 2010

"Jobless Claims in U.S. Unexpectedly Climb to Three-Month High."  Bloomberg headline, August 5, 2010.

"Food stamp use hit record 40.8m in May.Bloomberg News headline, August 5, 2010.

"The Recovery Summer of 2010."  Headline of the Democratic Party of Georgia.

Data source:  St. Louis Fed/FRED, ICSA series.


Hoven's Index for August 8, 2010


Trends (linear regression slope) of seasonally adjusted initial jobless claims:

Last 25 weeks (since Feb. 6, 2010):  up 116 per week

Last 12 weeks:  up 269/wk

Last 6 weeks:  up 1,429/wk

Last 4 weeks:  up 7,500/wk

Last  week:  up 19,000/wk

Data source:  St. Louis Fed/FRED, ICSA series.  (Linear regression using "Slope" function of Excel.)


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