Comments on: CHART OF THE DAY: THE JOBS/EQUITY MARKET CORRELATION http://pragcap.com/chart-of-the-day-the-jobsequity-market-correlation Sun, 12 Feb 2012 13:32:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Owen Eldridge http://pragcap.com/chart-of-the-day-the-jobsequity-market-correlation/comment-page-1#comment-10045 Owen Eldridge Mon, 21 Dec 2009 21:21:24 +0000 http://pragcap.com/?p=14017#comment-10045 Do the charts reflect adjusted or raw data? Great, great graphic. Do the charts reflect adjusted or raw data? Great, great graphic.

]]> By: JR http://pragcap.com/chart-of-the-day-the-jobsequity-market-correlation/comment-page-1#comment-9792 JR Fri, 11 Dec 2009 04:46:23 +0000 http://pragcap.com/?p=14017#comment-9792 Sir: Fascinating chart...but... What do you make of the stark difference between unadjusted and seasonally adjusted initial weekly unemployment claims? While seasonal adjustments are expected, I've noticed that those being used in recent weeks far exceed those for the same weeks in 2007. For instance, for the first week in Dec 2007 the seasonal adjustment added +88,971 jobs to actual state claims; in contrast, for the first week of Dec 2009, the seasonal adjustment was +190,865 -- more than double the 2007 seasonal adjustment. Could it be that a stock rally built on light volume and weak fundamentals is as suspect as the jobs data being reported by the US Govt? "Garbage in, ....?" Sir: Fascinating chart…but…

What do you make of the stark difference between unadjusted and seasonally adjusted initial weekly unemployment claims? While seasonal adjustments are expected, I’ve noticed that those being used in recent weeks far exceed those for the same weeks in 2007. For instance, for the first week in Dec 2007 the seasonal adjustment added +88,971 jobs to actual state claims; in contrast, for the first week of Dec 2009, the seasonal adjustment was +190,865 — more than double the 2007 seasonal adjustment.

Could it be that a stock rally built on light volume and weak fundamentals is as suspect as the jobs data being reported by the US Govt? “Garbage in, ….?”

]]> By: SB http://pragcap.com/chart-of-the-day-the-jobsequity-market-correlation/comment-page-1#comment-9788 SB Fri, 11 Dec 2009 00:24:43 +0000 http://pragcap.com/?p=14017#comment-9788 Wow. The correlation is ridiculous. Looks like the red line lags a bit. Is that the S&P line? Wow. The correlation is ridiculous. Looks like the red line lags a bit. Is that the S&P line?

]]> By: TPC http://pragcap.com/chart-of-the-day-the-jobsequity-market-correlation/comment-page-1#comment-9783 TPC Thu, 10 Dec 2009 20:57:01 +0000 http://pragcap.com/?p=14017#comment-9783 This is an INVERSE chart. The falling claims have a very high correlation with the rise in the equity markets.... This is an INVERSE chart. The falling claims have a very high correlation with the rise in the equity markets….

]]> By: Matt http://pragcap.com/chart-of-the-day-the-jobsequity-market-correlation/comment-page-1#comment-9782 Matt Thu, 10 Dec 2009 20:55:04 +0000 http://pragcap.com/?p=14017#comment-9782 You mean that the rising equity markets are putting people out of work? That money has to go somewhere, and right now, that's the market and not the working man's pockets. You mean that the rising equity markets are putting people out of work? That money has to go somewhere, and right now, that’s the market and not the working man’s pockets.

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