From Pine View Farm

Nothing To Do, Nowhere To Go 0

Reuters:

The number of U.S. workers filing new claims for jobless benefits fell last week to 550,000, according to a government report on Thursday that also showed the number of those collecting long-term aid tumbled.

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.

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