Thursday, August 30, 2012

Good News For Obama: Initial Claims For Unemployment Hit Lowest Level Yet

The latest figures are reported here.

They show initial claims, not-seasonally-adjusted, revised for August 18 falling to their lowest level yet during Barack Obama's tenure: 311,787.

And the advance number for August 25 is just a hair under 310K, while August 11 came in just under 318K. At the end of July he posted a number just under 313K.

In March of this year, Obama achieved numbers as low as 319K and 315K, but the trend melted up after that. Now he has five weeks in a row between 310K and 320K.

Expect him to say this is reason for hope that the skies are finally clearing.