First time claims for unemployment have hit a new low under Obama this week. For four weeks in a row initial claims in the not-seasonally-adjusted category have come in well below the 300,000 mark, averaging just over 283,000 per week in the last month. That's the first time that's ever happened under Obama. The seasonally-adjusted figure completely misses the fact and is nearly 17% worse.
If kept up for a year 283k/week would be the equivalent of 14.7 million first time claims for unemployment. Under George W. Bush the actual annual level never got below 16 million.
You could hardly ask for better conditions under which to add jobs, if there were any to add.
