Chart of the Day: Initial Unemployment Claims

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Initial unemployment claims, which have been dropping since 2009, have recently spiked a bit. Mark Thoma:

Every time claims go up we hear about holidays falling at unusual times, seasonal adjustment problems, weather related problems —- there seems to be no shortage of reasons to dismiss weakness in labor markets. So I’ll be interested to see what excuse policymakers come up with this time to ignore the unemployment crisis.

As the attached chart shows, this is hardly the first time there’s been a short spike during an economic expansion. You can see big ones in 1977, 1992, and 2006 and smaller ones in several other years. If this one only lasts a month or two, it’s no big deal. But if it lasts longer, the excuses are going to start to wear pretty thin.

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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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