Somehow, someway the media will pair this with a "bad news for Biden and the Democrats" item (perhaps a story about the gas pump prices in Beverly Hills?):
Weekly unemployment claims held near their lowest levels since the 1960s, with a strong labor market and improving levels of unemployment remaining a bright spot in the U.S. economy. [snip]
First-time filings for unemployment benefits remained below 200,000 for a ninth consecutive week. As of last week, the four-week moving average for new jobless claims, which smooths out volatility in the weekly data, stood at just 177,250. Throughout 2019 before the pandemic, new claims averaged about 218,000 per week. And last month, jobless claims reached their lowest level since 1968 at 166,000.
Continuing claims, which tally the number of Americans collecting benefits for multiple weeks, have also declined sharply to reach multi-decade lows. These came in below 1.5 million for a back-to-back week to reach their lowest level since 1970.
Meanwhile, we have inflation, which is a world- wide problem thanks to pent- up demand, supply chain issues, and, well, corporate greed:
Before-tax corporate profits rose 25% year-over-year in Q4 2021 after 27% in Q3 and 69% in Q2.
O.K., we're pretty sure that's Biden's fault!
