Meanwhile people on the east coast are freezing and without power because the union bosses won’t let non union workers in to help repair the damage from Sandy and the election is over so Obama and his administration don’t care anymore either. WTG there east coast liberals. You asked for it.
The reduction was caused by a further roll-off of EUC benefits and shifting people from EUC to disability.
This will continue for 3-6 months and then those extended benefits will be gone.
What will they do then?
They’ll simply drop those people out of the work force, call the unemployment rate “miraculously improved by The One” at 5%, and then they’ll recalibrate the labor participation rate so that 40% is the new 100%.
See how leftists/socialists/communists fix everything?
I think the claims will continue to drop as the US workforce
shifts to the 20 hour work week. As employers seek to fill part time slots some that are unemployed will fill in the other half of the part time job.
The “Not Seasonally Adjusted” numbers in 2013 are about 10% higher than the corresponding weeks in 2012.
So, do we trust the “Adjusted” or the “Not Adjusted” numbers?