CEPR logo

Fact-based, data-driven research and analysis to advance democratic debate on vital issues shaping people’s lives.

Center for Economic and Policy Research
1611 Connecticut Ave. NW
Suite 400
Washington, DC 20009

Tel: 202-293-5380
Fax: 202-588-1356
https://cepr.net

Close

On This Page

Yesterday the Labor Department reported that weekly unemployment claims were 424,000. This was the 7th consecutive week that they were above 400,000. This pace is inconsistent with healthy job growth suggesting that the May jobs numbers are likely to be very weak, with the unemployment rate likely rising further.

NYT columnist David Leonhardt noted this weakness, along with other news suggesting an inadequate rate of growth. It seems no one else is paying attention. I suppose that they are busy dealing with end of the world predictions and nonsense scare stories on the deficit.