Katrina’s Effect on Jobless Claims vs. Sandy

Before Sandy hit I mentioned that jobless claims would be one of the more sensitive economic indicators to any disruption caused by the storm.  Checking back in, today we found out that jobless claims spiked 78,000 following the storm to 439,000.  In 2005, claims rose by 96,000 after Katrina hit and it took six weeks for claims to fall back to their previous level.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.