![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFhjvGnRLwExnG1Sw1Grq61zXlqu62FtFaSB5ubScDjdvgmzxZZ88_xTxppQyDZUATrLp_OQAJyzprxYahRyWYmXkGvB8aDKtRqO1_sxR7eWQ8S8XPnBviLH3xp3GvopjEPRI1/s400/WeeklyClaimsFeb2008.jpg)
But when I look at the graph, it looks like the 350,000 level was breached in every year on the graph except 1999 and 2000, which I would argue are the most distortionary years on the graph, due to the height of the tech bubble.
DISCLOSURE: I am short US.RECESSION.08
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