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Credit Card Chargeoffs vs Exhaustion Rate
Posted By Barry Ritholtz On June 25, 2009 @ 7:49 am In Credit,Employment | Comments Disabled
On Monday, we looked at the impact of the Exhaustion Rate on Continuing Unemployment Claims (See Continuing Claims “Exhaustion Rate”  and Exhausted Claims part II ). Those charts and tables made it clear that Continuing Unemployment Claims were dropping not due to folks getting jobs, but simply using up all of their benefits.
Now, lets see what happens if we can put those two together:
I suspect we can do the same studies with Unemployment Rates also . . .
Hat tip Shawn!
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2009/06/credit-card-chargeoffs-vs-exhaustion-rate/
URLs in this post:
 Continuing Claims “Exhaustion Rate”: http://www.ritholtz.com/blog/2009/06/continuing-claims-exhaustion-rate/
 Exhausted Claims part II: http://www.ritholtz.com/blog/2009/06/exhausted-claims-part-ii/
 record credit card chargeoffs: http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN2415584020090624
 2% to 5% at Chase: http://www.consumeraffairs.com/credit_cards/chase_credit_cards.html
 Image: http://www.ritholtz.com/blog/wp-content/uploads/2009/06/charge-card-exhaustion-rates.png
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