There’s logic.
If Bush is in office, a little less than 300K is terrible and is a sign of pending doom.
If O-ha-ha is in office, a little less than 300K means prosperity for everyone!*
*Prosperity for everyone that doesn’t work. That means that more people are out earning your food stamps and other ‘free’ stuff for you!
All in all, this is a moving average of new jobless claims. It goes up and down. The only time it’s a good/bad indicator is when there are large increases/decreases across a longer period of time. It’s been pretty consistent for a while now.
Don’t confuse this with the monthly unemployment numbers which are a joke anymore with the loss of workers in the workforce. Some enlightened, brilliant, and know-it-all economists (usually of the liberal variety) claim that this loss of workers in the workforce is due to baby boomers retiring. Yes. That’s the ticket ... retirees ...
There are now 93.5 million Americans (out) of the labor force.
That is I believe, an all-time new record. And steadily climbing.
Both parties are sending American jobs elsewhere.
Bring back jobs, to America.