by Calculated Risk on 5/08/2008 08:15:00 PM

Asha Bangalore at Northern Trust presented a great chart today on continuing unemployment claims.

Click on graph for larger image.

This morning I noted that continuing claims had reached the 3 million level for the first time in four years.

This graph shows the increase in both initial claims and continuing claims.

Bangalore also presents a graph on the relationship between the Fed's Senior Loan Survey and GDP. This is similar to the research paper I excerpted from yesterday (see: The Impact of Tighter Credit Standards on Lending and Output), and suggests that the economy will slow over the next few quarters.