Bloomberg: The number of Americans seeking unemployment benefits dropped last week to the lowest level in almost four years, adding to evidence the U.S. labor market is strengthening.
Initial jobless claims fell 5,000 in the week ended March 24 to 359,000, the lowest since April 2008, the Labor Department reported today in Washington…..
Companies are retaining workers and hiring as sales improve along with confidence in the expansion. The pace of employment has gained momentum in the past three months, helping drive income growth that may ease the strain of higher gasoline prices.
…. The U.S. jobless rate could drop to as low as 6 percent by the first half of 2013, according to research from the Federal Reserve Bank of New York.
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E.J. Dionne: Three days of Supreme Court arguments over the health-care law demonstrated for all to see that conservative justices are prepared to act as an alternative legislature, diving deeply into policy details as if they were members of the Senate Health, Education, Labor and Pensions Committee.
Senator, excuse me, Justice Samuel Alito quoted Congressional Budget Office figures on Tuesday to talk about the insurance costs of the young. On Wednesday, Chief Justice John Roberts sounded like the House whip in discussing whether parts of the law could stand if other parts fell. He noted that without various provisions, Congress “wouldn’t have been able to put together, cobble together, the votes to get it through.” Tell me again, was this a courtroom or a lobbyist’s office?
It fell to the court’s liberals — the so-called “judicial activists,” remember? — to remind their conservative brethren that legislative power is supposed to rest in our government’s elected branches.
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CNN: President Barack Obama holds a double-digit lead over GOP presidential candidates Mitt Romney and Rick Santorum in hypothetical general election matchups, according to a new poll.
And a CNN/ORC International survey released Wednesday also indicates that the president’s approval rating has inched over the 50% mark in CNN surveys for the first time since last May, when the polls were still registering the after effects of the death of Osama bin Laden. The number of Americans who say the economy’s in good shape has jumped 13 points since January, though the survey shows a majority still think it is in poor shape.
If the general election were held today instead of in early November, 54% of registered voters say they would back Obama, with 43% supporting Mitt Romney … That’s up from a five-point 51%-46% advantage the president held over Romney in February.
And Obama would have a 55%-42% lead over Santorum …. the president led Santorum by a seven-point 52%-45% margin last month.
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Mediaite: In recent weeks and months, there has been much made about the frequent “rich guy gaffes” that Mitt Romney has been making …. these gaffes seem to show the candidate can’t relate to the people he wants to lead …. Today he made yet another one. Perhaps Chris Matthews was right; this guy just isn’t “trainable”.
So, what did he do this time? Well, Romney called in to a “telephone town hall” in Wisconsin where he talked up his support of Gov. Scott Walker and Rep. Paul Ryan. All good, right? You’d think, but, at towards the beginning, Romney decided to tell a funny story about his history with the state of Wisconsin and … just see for yourself.
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ABC: …. Obama campaign spokeswoman Lis Smith said in a statement: ”The only things more out-of-touch than Mitt Romney’s ‘joke’ about his dad closing a factory are his policies that would give massive tax breaks to millionaires and billionaires and allow insurance companies to discriminate against individuals with pre-existing conditions. He continues to be callous about the struggles that ordinary Americas face and his policies would make it harder-not easier-for anyone but the very wealthy to succeed.”
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Sun Times: The eagerly-anticipated “Biggest Loser” makeover episode is here, and this season, it’s bigger than ever. First Lady Michelle Obama guest stars in a two-part celebration that whisks the contestants away to the White House to reunite with their loved ones, and take part in the show’s first-ever White House workout. The episode will air as two, one-hour episodes on Tuesday, April 3 (8-9 p.m. ET) and Tuesday, April 10 (8-9 p.m. ET).
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Morning everyone 
