Andrew writes http://capitalgainsandgames.com/blog/andrew-samwick/453/tough-news-labor-market: "Comparing the current episode to the last 20 years, which includes the recessions in the early 1990s and early 2000s, the level of claims was higher during those downturns than it is currently. But the level never got as high as it is now without going even higher."
This seems to me to be yet another recession call sign...
