New jobless claims fall to 280,000. The good news continues to roll in this season.

http://mam.econoday.com/byshoweventfull.asp?fid=460743&cust=mam&year=2014&lid=0&prev=/byweek.asp#top

Initial jobless claims fell 9,000 in the December 20 week to 280,000, helping to pull down the 4-week average by 8,500 to 290,250. The average is down slightly from the month-ago comparison.

Continuing claims, which are reported with a 1-week lag, rose 25,000 in the December 13 week to 2.403 million. Here the 4-week average, up 20,000 to 2.418 million, is higher than the month-ago comparison, by about 50,000. The unemployment rate for insured workers is unchanged at a recovery low of 1.8 percent.

The amazing thing is all these good things have not really caused inflation to skyrocket. All the people who have attacked the fed must be grimacing with pain as they have done a remarkable job in saving this country's economy and getting us back on track. Gold has lost 25% value since January 2013 when every gold commercial is telling stupids that everything is going to collapse as they desperately try to sell suckers into the pyramid scheme, all the while real investments in the economy represented by stocks have skyrocketed.