Gosh darnit, the labor market continues to see improvement.
Remember how RWNJs said stimulus wouldn't work, and that austerity was the way to go? Remember that? Remember all the idgets in 2009 and 2010 that accused Obama of having as a primary goal the destruction of the U.S. economy?
Well, once again the demand-side policies are being vindicated. Yes, the initial claims number jumps around a bit, but you can't argue with the multi-year trends we are seeing: steady new job creation in conjunction with steady declines in unemployment claimants.
In every instance, supply-side austerity fails (see Europe) and demand-side stimulus wins (see U.S. in comparison).
I'm sure the GOP won't let yet another dose of reality dissuade them from advocating for failed policies. Best to spend time trying to ban abortion or repeal Obamacare. Way to stay on top of things, guys.
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