High unemployment is the new normal 

Today's initial jobless claims number of 429,000 is slightly worse than last week's. But what it really implies is that in the era of Obama, 9 percent unemployment is indeed the new normal:

Initial claims have now been above the 400,000 mark for 11 weeks in a row. Analysts normally associate that level with a stable labor market.

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David Freddoso

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David Freddoso came to the Washington Examiner in June 2009, after serving for nearly two years as a Capitol Hill-based staff reporter for National Review Online. Before writing his New York Times bestselling book, The Case Against Barack Obama, he spent three years assisting Robert Novak, the legendary Washington... more
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