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Its because even in the best of times there is churn. The new froyo shop on the corner closes after 3 months, firing 4 people. Two banks merge and 1000 people are fired in HR as redundant.
That's not necessarily bad and results in first time claims. Lower is better but the floor on it will still sound like a big number and each individual in that number may be unhappy. But in itself isn't a big indicator of the strength of the economy. Now, I'd those 300k people are still on unemployment 8 months later, that's a real bad sign and more the case now then at the peak when 90% (making up a number) would have a new job within three months.
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