Nothing To Do, Nowhere To Go 0
Reuters:
Analysts polled by Reuters had expected initial claims to drop to 560,000, after reaching 576,000 the prior week, which had previously been reported as 570,000.
As regards the “tumbling” number of persons collecting long term benefits, it “tumbled” all the way 6,247,000 to 6,088,000. That’s a “tumble” of about 3.5%.
I’ll be looking to know whether it “tumbled” because persons got jobs or because their benefits expired.
Unemployment benefits do expire.
This is still a Republican scorecard. Their policies caused this. And this was the result of policy–not of blind dumb luck.
To the extent things might be looking up a little, it’s not their doing.
