Still not bad.

Jobless claims dropped by 1,000 to 261,000 in the week ended Aug. 20, a report from the Labor Department showed on Thursday.

(snip)

Filings have been below 300,000 for 77 straight weeks, the longest stretch since 1970. That is typically consistent with an improving job market.

The number of people continuing to receive jobless benefits dropped by 30,000 to 2.145 million in the week ended Aug. 13, below the Bloomberg survey median forecast. The unemployment rate among people eligible for benefits held at 1.6 percent. These data are reported with a one-week lag.

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18 August 2016 · Comments Off on Never What It Said It Was · Categories: Political Economy, Political Theatre, Politics of Hate

Francis Wilkinson points out that Teabaggery has never been about what it claims to be about.

It is not a tax revolt; it is a tax grab.

A snippet (emphasis added):

There is a long tradition of supporting state spending on yourself (hands off my Medicare) while opposing the allocation of tax dollars to someone else (Obamacare is tyranny). The Tea Party covered this mundane transaction in a powdered wig.

Until Donald Trump came along.

Trump, whose genuine populist instincts appear unconscious of, and unencumbered by, American history, dispensed with the tri-corner hats. His offer required no validation from neo-colonials, no resort to hallowed principles of limited government. Trump’s deal was straight up: He would secure the government programs — Social Security, Medicare — that benefit older, whiter Tea Party voters while chasing younger, browner Americans away from the public trough. He would even clear out of the country anyone who failed to prove citizenship.

More at the link.

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18 August 2016 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

Status quo ante:

Jobless claims fell by 4,000 to 262,000 in the week ended Aug. 13, the fewest in a month, a Labor Department report showed Thursday in Washington.

(snip)

The figure has been below the 300,000 level for 76 consecutive weeks, the longest stretch since 1970. That is typically consistent with an improving job market.

The number of people continuing to receive jobless benefits rose by 15,000 to 2.175 million in the week ended Aug. 6, the highest level since April though still historically low. The unemployment rate among people eligible for benefits was 1.6 percent for a fourth straight week. These data are reported with a one-week lag.

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18 August 2016 · Comments Off on How Stuff Works, Trickle on Economics Dept. · Categories: Mammon, Political Economy, Republican Hypocrisy

First woman:  Explain to me again how

Via C&L.

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14 August 2016 · Comments Off on Supply and Demand · Categories: Political Economy, Political Theatre, Republican Lies

Trump, on television, claiming that he will

Via Juanita Jean.

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11 August 2016 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

For all practical purposes, status quo ante.

Jobless claims fell by 1,000 to 266,000 in the week ended Aug. 6, from a revised 267,000 in the prior period, a report from the Labor Department showed on Thursday. Filings have been below 300,000 for 75 straight weeks, the longest stretch since 1970.

(snip)

The number of people continuing to receive jobless benefits rose by 14,000 to 2.16 million in the week ended July 30. The unemployment rate among people eligible for benefits held at 1.6 percent.

More »

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08 August 2016 · Comments Off on If One Standard Is Good, Two Must Be Better · Categories: Political Economy, Republican Hypocrisy

Dave Helling notes that sauce for the Democratic goose is not sauce for the Republican gander:

Republicans used to make great fun of President Barack Obama for using a teleprompter, . . . .

(snip)

Gosh, I wonder if they’re rethinking those words.

That’s because Republicans of all stripes are now begging presumptive nominee Donald Trump to use a teleprompter when he speaks. Teleprompter Trump is good Trump, they say.

More at the link.

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08 August 2016 · Comments Off on The Economic Cycle · Categories: Political Economy

Chart showing unemploying consistently going down under Democratic presidents and up under Republican ones since 1960.

Via Job’s Anger.

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05 August 2016 · Comments Off on “Not One Friggin’ Issue!” · Categories: Political Economy, Political Theatre

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04 August 2016 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

This marks the 74th straight week that claims have been under 300k.

Jobless claims rose by 3,000 to 269,000 in the week ended July 30, a report from the Labor Department showed Thursday in Washington.
(snip)

The four-week moving average increased to 260,250 last week after falling to 256,500 in the previous period, which was the second-lowest level since 1973.

The number of people continuing to receive jobless benefits dropped by 6,000 to 2.14 million in the week ended July 23. The unemployment rate among people eligible for benefits held at 1.6 percent. These data are reported with a one-week lag.

(Almost forgot it was Thursday.)

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26 July 2016 · Comments Off on Funny Money · Categories: Geek Stuff, Political Economy

Man skates on money laundering charge when Florida judge rules that Bitcoin is not real money.

Aside:

One more time, all currency is fiat currency. No currency or specie, real or virtual, including gold or silver, has value unless persons believe it has value.

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I haven’t mentioned Brexit much because I don’t know enough about it; I know only what I’ve read in the papers.

It’s not that I fear displaying my ignorance; it’s that I don’t even have enough ignorance to display. (I will say that my gut instinct is that, in a globalizing world, promoting parochialism is not a propitious proposition.)

I will commend to your attention to the latest episode of the Bad Voltage podcast, which opens with a fascinating discussion about Brexit amongst one Brit living in Britain, one expat Brit, and one American, all of them accomplished and none of them political professionals. The Brexit discussion takes up the first half-hour or so of the show.

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14 July 2016 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

Still holding steady.

Jobless claims were unchanged at 254,000 in the week ended July 9, according to a Labor Department report released Thursday.

(snip)

The four-week average of claims declined to 259,000, the lowest since the end of April, from 264,750 in the prior period.

The number of people continuing to receive jobless benefits rose by 32,000 to 2.15 million in the week ended July 2. The unemployment rate among people eligible for benefits increased to 1.6 percent from 1.5 percent. These data are reported with a one-week lag.

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10 July 2016 · Comments Off on Trickle-On Economics Trickle on Wisconsin · Categories: Political Economy

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07 July 2016 · Comments Off on Nothing To Do. Nowhere To Go · Categories: Political Economy

Still holding.

Jobless claims dropped by 16,000 to 254,000 in the week ended July 2, a Labor Department report showed Thursday in Washington.

(snip)

The four-week average of claims, a less-volatile measure than the weekly figure, declined to 264,750 from 267,250 in the prior week.

The number of people continuing to receive jobless benefits decreased by 44,000 to 2.12 million in the week ended June 25. The unemployment rate among people eligible for benefits held at 1.6 percent. These data are reported with a one-week lag.

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