Originally Posted by KC native
The trend is what matters with the unemployment series. The trend has been improving. It will probably stall out some going into year end but the trend in unemployment has been better for a decent amount of time
But the trend has not shown that big of a jump. Actually, it hasn't shown that kind of jump in almost 30 years. Yet, no other indicator points to a sudden jump. Every other indicator shows that we are still treading water. \
Although no other indicator shows a jump, this phone survey of 60,000 houeholds extrapolates to a jump unseen in almost 30 years. My question would be if the survey methodology changed. Have they changed the questions asked? Have they changed how the sampling is done? If any other signs of our economy pointed to this, then great. But when 2 and 2 don't equal 4, you should probably question the results.