Initial claims for unemployment, not-seasonally adjusted, has fallen below 300,000 for the first time ever in the Obama presidency.
Obama should be crowing this from the rooftops, but apparently his administration is too stupid to understand the significance, or it views this as bad news in the broader mission to destroy the middle class on the way to a transformed America. He has now racked up 7 weeks in a row below 320K.
Elsewhere Rick Santelli has predicted unemployment at 7.9 percent by election day. He doesn't know how right he is.
The latest weekly report is here.
