- by New Deal democrat
This morning population adjusted initial jobless claims set a new all-time record.
On an unadjusted basis, initial jobless claims set an all-time low of 161,000 on November 30,1968, when the US population was a little over 201 million. But US population is now over 310 million. Here's what initial jobless claims look like (blue) compared with population (red), normed to be equal on November 1968:
Now here is a close-up of the last year:
In short, right now is the most secure US workers have been in their jobs for the last 50 years.