U.S. initial unemployment claims fell to 219,000 last week, surpassing expectations set at 224,000. However, this positive development is overshadowed by an increase in continuing claims, which climbed to 1,910,000, exceeding both forecasts and figures from the same period last year. This discrepancy suggests a complex economic landscape where short-term joblessness decreases while long-term unemployment grows.
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In other words there are a lot of crap jobs people don't want.
Yep
It seems like we've been in this "complex landscape" for a while now. I really don't have a good sense of what's coming over the horizon.
I am hopeful that the new gov will pop the artificial state job bubble and let the private sector grow
Seems unlikely to me. They already whiffed on the government shutdown.
Perhaps they'll cut some of the regulatory burden, though.
That is better for the economy when long term employment grows, right?
Yes indeed
As long as this metric grows, others should grow with it.
Especially short term jobs, too.