More disastrous economic news! Thanks, Obama!
Jobless claims plunged by 26,000 to 255,000 in the week ended July 18, the fewest since November 1973, a report from the Labor Department showed on Thursday in Washington. [snip]
Claims continue to hover near historically low levels as employers are retaining workers to cater to a pickup in demand following a slump in early 2015. Combined with steady hiring across states, the improvement will help sustain household spending, the biggest part of the economy.Oh, unemployment's at 5.3%.
