UNEMPLOYMENT FILINGS LOWEST SINCE 1973

The jobs picture continues to improve with weekly jobless claims (as of April 9, 2016) staying below 300 for more than a year now, something not seen since 1973.  At the same time continuing claims are also low and the least since 2000.

The number of Americans filing for unemployment benefits unexpectedly fell last week, revisiting a level last seen in 1973 as the labor market continues to strengthen despite a sluggish economy.

Initial claims for state unemployment benefits decreased 13,000 to a seasonally adjusted 253,000 for the week ended April 9, the Labor Department said on Thursday. That matched the level for early March, which was the lowest since November 1973.*

Claims for the week ending April 2 were revised to show 1,000 fewer applications received than previously reported. 
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The four-week average of the so-called continuing claims fell 10,250 to 2.18 million, the lowest level since mid-November 2000.*

* http://www.cnbc.com/2016/04/14/us-weekly-jobless-claims-april-9-2016.html

LOTS OF NEW JOBS BUT AT LOWER PAY

Post #456600 on Macro Economic Trends and Risks Board of Motley Fool (August 14, 2014)

It is announced that the number of new jobs in June was the highest since 2001.* Good news, why are people so depressed about the economy?

New jobs pay 23% less than the jobs lost in the Great Recession may be a reason?**

Meanwhile, the number of jobless claims is decreasing.***

I think that a big thing may be that working people feel insecure and that is going to be hard to remedy quickly.

* http://www.reuters.com/article/2014/08/12/usa-economy-employment-idUSL2N0QI0W220140812?wpisrc=nl-wonkbk&wpmm=1
** http://www.latimes.com/business/la-fi-income-inequality-20140812-story.html
*** http://www.latimes.com/business/la-fi-jobless-claims-20140807-story.html