unemployment-related Google searches). The big dip from mid-April to early June has been erased; it's now back into the highest territory it's ever been in.
As I've said in earlier posts about this index, I'm not really sure what to make of it. It is, to say the least, a very unconventional “measure” of unemployment. It indicates something, I'm sure, but I don't know what. For some reason, between mid-April and today, far fewer Americans were googling for information about unemployment. Why? What does that actually imply? And what does the recent jump indicate?
One thing that jumps out at me: the recent dip in this index almost exactly corresponds to the recent tip in the stock market indexes – the inverse of the relationship I'd expect.