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Courtesy of a reader, a grounded example of how things are even more intense in employment markets than sterile economic data might show:

NY Unemployment Claim Systems Overwhelmed
Flood of calls, online requests crash NY unemployment systems; no timeline for their return

New York’s unemployment claims systems have crashed, overwhelmed by tens of thousands of jobless New Yorkers trying to call or log in at once ahead of this week’s filing deadline.

State labor department officials say the problem started Monday and caused the phone banks at the state’s toll-free claims center to shut down, followed by the online filing system. Leo Rosales, an agency spokesman, says as many as 10,000 people per hour were trying to log into the system.

More here.