Another nugget for which we can give many a thank? Unemployment is shrinking.
First-time jobless claims fell 13,000 to 239,000 last week, the Department of Labor reported Wednesday, more than the 9,000 drop economists expected.
"Claims remain low, even with a modest boost from delayed Hurricane-Maria-related fillings in Puerto Rico in recent weeks," noted Jim O'Sullivan, economist for the forecasting group High Frequency Economics. "The data continue to signal enough strength in employment growth to keep the unemployment rate trending down."
At 4.1 percent in October, unemployment is the lowest it has been since the year 2000.
Aaaand more good news.
The total number of people receiving unemployment benefits, which are available for up to 26 weeks in most states, stayed near the lowest levels in nearly 44 years in early November. Altogether, 1.9 million people collected benefits, a mark of the extent of the labor market recovery.
This is a nice change in pace from all the news of
and political handsiness we've been forced to trudge through as of late. Feel free to bring up these numbers at the Thanksgiving table this year. And brush up on some facts for all your socialist cousins who will insist it was actually Obama who fixed the economy. Nonsense.