Accept it, people, the US jobs picture is looking up

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Image: US Labor Department, FactSet

Sure, there are problems. Like, say, high youth unemployment, long-term joblessness, and the rise of part-timers. Fine. But in terms of a cyclical rebound in the US job-creating engine, which is what the country needs to fix any of the aforementioned issues, this morning’s jobless claims are exactly what we’d want to see.