[expat_panama]

First-time jobless claims continued their descent last week, falling to their lowest level in more than five years and providing another sign that the labor market---

--still hasn't recovered from the financial crisis even after five long years of struggle...

[Wyatt's Torch]

Those are two separate charts/measures - continuing claims and initial claims. Initial claims have very much recovered. Continuing claims (which you posted) are below the last 4 cycle peaks but still above the last cycle trough as UE is 7.5%