re: New jobless claims lowest since Bush was inaugurated
Typically "full employment" is when (U)nemployment is at 4%. That is historically the flashpoint when upward pressure on wages start causing inflation. That is not even an issue at this time. U is a lagging indicator so if the economy is really in a full recovery and doesn't double dip, look for U to improve 2nd or 3rd quarter next year. Such a recovery may be just in time or just a little too late for your man Bush.