The random political thoughts thread (Part Deux)

[scaeagles]

Uhh.....I'm not so impressed.....

From this article. I would link to the original story from the financial times but it is a subscription website.

In particular, it's this sentence by the Financial Times' Ed Luce, who writes, "According to government statistics, if the same number of people were seeking work today as in 2007, the jobless rate would be 11 percent."
...
Since 2007, the percent of the population that either has a job or is actively looking for one has fallen from 62.7 percent to 58.5 percent.

And from this, which interestingly tries to spin 370,000 new claims as good news, saying that the layoffs have been "moderately low". Great news for al those laid off that it was only moderate.

Claims for U.S. jobless benefits rose last week, displaying the usual volatility around holidays that has masked an improvement in the labor market.

Applications (INJCJC) for unemployment insurance payments climbed by 21,000 to 377,000 in the week ended Jan. 21, up from an almost four-year low in the prior period, Labor Department figures showed today in Washington. The median forecast of 47 economists in a Bloomberg News survey projected 370,000.

Not impressed with the job creation.....more and more people are applying for first time unemployment.