This is great news for everyone in our nation except Republican Presidential candidates and Members of Congress. The weekly claims for unemployment is at 364,000, it's lowest level since April 2008. And the four week rolling average is at it's lowest level since June, 2008.
As reported by the Labor Department,
In the week ending December 17, the advance figure for seasonally adjusted initial claims was 364,000, a decrease of 4,000 from the previous week's revised figure of 368,000. The 4-week moving average was 380,250, a decrease of 8,000 from the previous week's revised average of 388,250.
The advance seasonally adjusted insured unemployment rate was 2.8 percent for the week ending December 10, a decrease of 0.1 percentage point from the prior week's unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending December 10, was 3,546,000, a decrease of 79,000 from the preceding week's revised level of 3,625,000. The 4-week moving average was 3,631,750, a decrease of 40,000 from the preceding week's revised average of 3,671,750.
Slowly but surely the ship is righting and with it comes the sound of gnashing teeth from our "friends" across the isle.