What is it? 200,000 to 300,000 WEEKLY jobless claims every WEEK for the last 6 years and things are “looking good” “firmer” “promising”?
RE: What is it? 200,000 to 300,000 WEEKLY jobless claims every WEEK for the last 6 years and things are “looking good” “firmer” “promising”?
1) It has been below 300,000 for several weeks now.
2) We have to look at the other side of the ledger, not just the layoffs. The hirings minus the layoffs are now averaging above 200,000.
Of course the following have tobe taken into account:
1) The quality of the jobs created ( most are part time and low paying ).
2) Those who have dropped out of the labor force are not being counted as part of the official unemployment rate.