I'll have to show the correlations of UI to nonfarm payrolls and give new estimtes next time I overview UI. I write up UI about once a month, usually when the press has gone insane over a 1 week window statistic that they should not give that much weight to.

For now, the ratio has dropped in terms of UI vs. "job growth" indicator", plus we have massive underemployment. Our policy makers believe it's just fine and dandy that highly educated PhDs should work as administrative assistants and Home Depot sales associates. As overall population increases so do these low paying service jobs, retail trade, to adjust for basically population growth.

So, bottom line, next time I do UI, which is probably in 2 or three weeks, I will make a point to number crunch the correlation to payroll data, as well as CPS employ levels.

You won't hear any argument from me on between politicians and corporations, they have literally ruined this country by global labor arbitrage.