Jobless Claims in US – The lowest level in history when adjusted for the size of the labor force

Bottom Line: Jobless claims, when adjusted to account for the size of the US labor force, have now fallen to the lowest level in history. Conditions in today’s labor market are actually slightly better than the unadjusted claims would suggest, especially when compared to previous economic recoveries. It’s amazing that so much attention is paid every Thursday to an important economic variable (initial jobless claims) that really has no meaning unless it’s adjusted to account for the size of the US labor force.

Chosen excerpts by Job Market Monitor. Read the whole story at  Chart Of The Day: Jobless Claims Adjusted For The Labor Force | Seeking Alpha.