Unemployment Claims Continue to be Stubbornly High

Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine.

Steve Benen put up his weekly chart of initial unemployment claims today, and I thought it might be useful to put up a slightly different version of the chart. This one is a 4-week moving average, so it removes a bit of noise from the figures, and it starts in January, so it shows us only how the economy has been doing this year.

Unemployment claims have dropped dramatically since the peak of the recession in 2009, but as you can see, they haven’t really budged much since the beginning of the year. They’re bouncing up and down around a mean of 370,000 or so, and don’t show much sign of getting down into the neighborhood of 320,000, where we’d like them to be. This is hardly surprising news or anything, but it’s yet another sign that we should be doing a lot more to shift the economy into a higher gear.

THE END...

of our fiscal year is Thursday, June 30, and we have a much larger fundraising gap than we can easily manage with only days left to go.

Right now is no time to come up short: If you value the hard-hitting, democracy-protecting, justice-advancing journalism you get from Mother Jones, please help us keep charging as hard as we possibly can with a much-needed and much-appreciated donation today.

payment methods

THE END...

of our fiscal year is Thursday, June 30, and we have a much larger fundraising gap than we can easily manage with only days left to go.

Right now is no time to come up short: If you value the hard-hitting, democracy-protecting, justice-advancing journalism you get from Mother Jones, please help us keep charging as hard as we possibly can with a much-needed and much-appreciated donation today.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate