US Labor Department, FactSet
Sure, there are problems. Like, say, high youth unemployment, long-term joblessness, and the rise of part-timers. Fine. But in terms of a cyclical rebound in the US job-creating engine, which is what the country needs to fix any of the aforementioned issues, this morning’s jobless claims are exactly what we’d want to see.
More from Quartz
- Generation jobless soon to become generation hopeless
- China’s slowing service-sector growth signals that it’s made little progress on that whole “rebalancing” thing
- Only 65% of college presidents say getting a good job matters
- Politics & Government