Now that FRED's got the latest numbers, I can make my point about today's announced plunge in initial unemployment claims namely that in proper perspective this is just part of a trend that's been happening for a while. Above is a chart of the change in initial claims from a year ago, and you see the number's been negative pretty consistently since 2010 and there's been no appreciable change in the rate of improvement in a long while.
TODAY IN SLATE
Smash and Grab
Stop Panicking. America Is Now in Very Good Shape to Respond to the Ebola Crisis.
The 2014 Kansas City Royals Show the Value of Building a Mediocre Baseball Team
The GOP Won’t Win Any Black Votes With Its New “Willie Horton” Ad
Sleater-Kinney Was Once America’s Best Rock Band
Can it be again?
Forget Oculus Rift
This $25 cardboard box turns your phone into an incredibly fun virtual reality experience.