"New" jobless claims, contrasted to continuing jobless status, and it's the rate of increase not the absolute level that's particularly tiny but still, that's a nice mark: Only 1000 new applicants in May.But Ace identifies how the media will portray it.
Thursday's report beat forecasters' expectations, which were for new jobless claims, adjusted for seasonal variations, to rise to 237,000.
And it provided a good sign for the economy. Few claims indicate that layoffs are rare, and that, in turn, net job creation is strong.
Economists believe the real growth sector in the economy is Internet Trolls paid by Russian Spymasters to Hack the Election.Linked at Pirate's Cove in the weekly "Sorta Blogless Sunday Pinup" and links.