It was the 80th straight week that claims remained below the 300,000 threshold, which is associated with robust labor market conditions. That is the longest stretch since 1970, when the labor market was much smaller.*
This is the first time since April that I have posted on jobless claims.
JOBS
Jobs are opening up faster than they can be filled.**
To be sure, millions of workers who gave up looking for a job after the Great Depression have been returning to the workforce, offsetting some of the demographic headwinds.
But an ongoing wave of aging baby boomers is leaving the labor force for good, reducing the number of workers available to fill new jobs.
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Employers posted 5.9 million job openings in July, a rate of 3.9 percent, according to the Job Openings and Labor Turnover Summary (JOLTS) report. That compares to 5.62 million job openings in June, according to Thomson Reuters.**
The reference to the figure below contains some commentary on Donald Trumps economic plan that may interest you.**
* http://www.cnbc.com/2016/09/15/us-weekly-jobless-claims-sept-3-2016.html
** http://www.cnbc.com/2016/09/15/trumps-25-million-new-jobs-promise-doesnt-add-up.html
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