From Pine View Farm

Nothing To Do, Nowhere To Go 0

Fewer initial unemployment claims this week:

The number of U.S. workers filing new claims for unemployment benefits fell last week, government data showed on Thursday, but was still at levels indicating the labor market’s contraction was yet to bottom.

Well, yeah.

They’re running out of persons to be laid off. Later in the same story (emphasis added):

The Labor Department also said the ranks of unemployed who have claimed more than one week of aid vaulted to yet another record in the last week of March as laid-off workers battled to find new job opportunities amid a recession that is now in its 16th month.

Note that “16th month” figure. That goes back to December 2007, year seven of the Bushonomics.

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