.MaddowBlog: The new data on unemployment claims hasn't just improved, it's actually far better than the pre-pandemic levels.
from the Labor Department, which offered some of the best news on layoffs since the late 1960s.
In early October, jobless claims finally dipped below 300,000 — putting us within shouting distance of the levels seen before the Covid-19 crisis began in earnest — and now we've dipped below 200,000 for the third time since mid-November, which hardly seemed possible in the recent past. As of today, we've not only reached the pre-pandemic average, we've also improved on it. The economy still needs work, but breakthroughs like these are still worth celebrating.: Some friends recently asked me about the difference between these numbers and the monthly job numbers, so let's quickly recap the relevant details.
It's an important weekly look at the employment landscape for an obvious reason: The more Americans are laid off, the worse it appears for the economy. The inverse is also true: As layoff totals improve, it's evidence of a healthier economy.
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