Friday, May 23, 2014

Good news?

Good news?  As always, I'm not entirely sure how to interpret the Google unemployment index.  It's derived from counts of searches related to unemployment, so it's a very indirect measurement of something not easy to define in the first place (especially given the politically-motivated “adjustments” to published government data).  Whatever this index is (or isn't) measuring, it's dropped substantially in recent weeks, to levels not seen since mid-2008 (screen capture at right; click to embiggen).  Somehow that feels encouraging :)

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