Oh yeah, the economy's humming

AFP:

US jobless claims rose by 16,000 to a six-week high of 336,000 in the week ended July 9, the Labor Department said.

(snip)

Meanwhile, the number of former workers collecting unemployment checks rose by 45,000 in the week ended July 2 to 2.62 million, a four-week high.

Once again, the recent drops in the unemployment rate is not because more folks are finding work, but because fewer people are still looking.