New jobless claims up 18k to 460k, continuing claims down 131k to 4.55 million. That of course doesn't account for the 200,000 or so people who lost their benefits because the Senate went on recess for Easter. We seem to have hit a new equilibrium that isn't as disastrous as the last equilibrium level was, but it's not doing anything for the 8 million plus jobs we have to regain to get back to late 2007 levels either.
It took us two years just to stop the bleeding, frankly. Getting those jobs back? Going to take a lot longer.
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And I cannot stress enough they need to be private sector jobs, not public.
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