While the decline in initial jobless claims from a historical perspective should be a positive for economic growth in the future - it is likely to only be the case if employers began to convert part-time employees to full-time hires.
... The chart goes to confirm my suspicion that corporations have likely reached their minimum employment levels to maintain current production levels. This is a contributing factor to lower levels of initial jobless claims.
However, just having fewer people terminated, and subsequently filing for a welfare program, does not answer the question related to whether or not the fall in claims is leading to full-time employment. In order for the economy to begin organically growing (meaning without the artificial supports to the financial system and housing markets through government intervention) it will require an increase not just in the number of people working - but an increase in full-time employment to reduce welfare dependency and increase incomes. ...
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