Right????
The ranks of those submitting jobless claims tumbled to their lowest level in more than 52 years last week, the Labor Department reported Wednesday.
New filings totaled 199,000, a number not seen since Nov. 15, 1969, when claims totaled 197,000. The report easily beat Dow Jones estimates of 260,000 and was well below the previous week’s 270,000.
45 minutes into Inside Politics today John King finally got around to reporting this. This is how it went:
Some positive economic news today. Weekly claims for unemployment benefits are way down. You can see the number there, it’s not only a pandemic but to a level not seen since 1969. Now whether you process that is a different question. That’s a big part of the Biden White House economic and political challenge right now. 48 Million Americans are travelling this Thanksgiving. Gas is up to $3.40 a gallon, that’s the highest Thanksgiving price since 2012. Hoping to help, Biden ordered the largest ever release, 50 million barrels of oil, from the strategic petroleum reserve, but he says be patient.
The roundtable then agreed that the reason people aren’t more happy about all the good news is because Biden isn’t more like Trump and he doesn’t blame others for the bad things and take credit for the good. “It works!” And they agreed that the Biden administration is failing “Politics 101” which is the only thing that matters.