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View Diary: Initial unemployment claims drop below 300k (10 comments)

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  •  as you said, (2+ / 0-)
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    jbou, duhban

    we still need a jobs program. In a long term recession such as this one, I think the initial jobless claims number becomes more and more irrelevant as time goes on because so many have been unemployed for so long, they can no longer file. Thats how we still have 7.3% unemployment and initial jobless claims <300,000.

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