Thursday, August 1, 2013

Jobless Claims Plunge Over 60k To Lowest Level Ever Under Obama

For only the third time under Obama, first time claims for unemployment, not-seasonally-adjusted, have fallen under 300,000 and in today's report to their lowest level yet: 279,869.

On June 1 the raw number of claims had fallen to just under 294,000. And before that, on September 8, 2012, raw claims fell to just under 300,000. Those are the only two prior instances under 300,000.

Break out the party hats.

Full report here.