Unemployment Claims Continue to be Stubbornly High

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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.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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