Take This Repukes: Jobless claims at lowest level since April '08
At The Chart Of The Matter
By Zandar April 5th, 2012
Steve Benen kindly presents compelling evidence to squish “the stimulus failed, this President failed” nonsense on jobs and unemployment:
Despite last week’s annual revisions, the same metrics still apply: when jobless claims fall below the 400,000 threshold, it’s considered evidence of an improving jobs landscape, and when the number drops below 370,000, it suggests jobs are actually being created rather quickly.
And with that, here’s the chart—which reflects the revised, seasonably-adjusted data—showing weekly, initial unemployment claims going back to the beginning of 2007. (Remember, unlike the monthly jobs chart, a lower number is good news.) For context, I’ve added an arrow to show the point at which President Obama’s Recovery Act began spending money.
http://maddowblog.msnbc.msn.com/_news/2012/04/05/11034604-jobless-claims-at-lowest-level-since-april-08http://www.balloon-juice.com/2012/04/05/at-the-chart-of-the-matter/