Thanks a lot, Obama:
Jobless claims unexpectedly decreased to the lowest level since 1973, indicating the U.S. labor market remains a pillar of support in the world’s largest economy.New applications for unemployment benefits fell by 6,000 to 247,000 in the week ended April 16, data from the Labor Department showed Thursday. The median forecast of economists surveyed by Bloomberg called for 265,000 claims. The number of Americans already on benefit rolls declined to a more than 15-year low.
“Claims are probably the single best indicator of the health of the economy,” said Mike Englund, chief economist at Action Economics LLC in Boulder, Colorado, whose forecast for 252,000 was among the lowest in the Bloomberg survey. “We assume the labor market will continue to outperform most measures.”If they were smart, Democrats would be out stumping on The Economy. "If", we say.
