Thursday, January 4, 2007

Weekly Unemployment Claims

Each Week's Claims have a list of 1000 or more layoffs. There were 12 states with 1,000 or more lay-offs in the construction or manufacturing sector.

Earlier in December we saw a ton of 1,000+ layoffs in construction.

We don't have a trend yet, but we're getting nearer to a nasty upswing. That makes tomorrows employment report very important. Aside from the macro-number, look at the subparts -- especially manufacturing and construction.

Also, we'll have to watch these figures in the coming weeks to see what February's number looks like.