Anything over 500k at this point seems like a disaster. Its June. I figured weekly jobless claims would be down toward 500k by now. Don't we need to get down to about 400k or less to keep the unemployment rate stable at best? I am guessing that 500k a week would be consistent with about a 0.15% increase in unemployment rate each month. Looks like 10.4% end of year unemployment is a lock. Seems like employment has trended worse than expected from start of year. Also, I assume that unemployment insurance is supporting the 3 million workers layed off in last 6 months. What happens toward end of year when that runs out for these people? There will be few new jobs. Then an entire new wave of households won't be able to support themselves. More foreclosures ect.