First time jobelss claims held steady, this week, at 304,000. That would be less than than the “expected” 315,000 but more than last week’s 302,000.

Good news, right? Well, not so fast. As Zero Hedge reports, while claims have fallen to 2007 levels, the news about hiring is not so good, as there is a shortfall of one-million new hires.

The recovery, it seems, remains a slog. And those numbers will certainly not be changing Ms. Yellen’s mind about easing up on the easing.

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