Posted on 04/12/2018 7:07:28 AM PDT by SeekAndFind
The number of people receiving unemployment benefits is running at the lowest level in 44 years, the Department of Labor reported Thursday.
Altogether, 1.88 million people were receiving jobless benefits at the end of March. That was low enough to sent the monthly average for such claims down to 1.85 million, the lowest such mark since January of 1974, when the total workforce was much smaller.
Unemployment benefits are available for up to 26 weeks in most states. During the worst of the recession, as many as 6.5 million workers were getting unemployment insurance.
As for new claims for unemployment benefits, they dropped by 9,000 to 233,000 in the first week of April, according to Thursday's report.
That was about in line with the roughly 230,000 new jobless claims forecasters expected.
Low jobless claims are a good sign for the economy. They suggest that layoffs are rare. In recent months, the near-record-low numbers of claims have provided the strongest signal that the recovery is headed toward more growth and more job creation, not yet petering out.
Economists calculate that any number of new claims, adjusted for seasonal variations, below the 300,000 mark suggests that unemployment is falling. It's been more than three years since that level has been hit.
We need to aim for 100-year low. Get rid of unemployment.
“Economists calculate that any number of new claims, adjusted for seasonal variations, below the 300,000 mark suggests that unemployment is falling. It’s been more than three years since that level has been hit.”
We can be pretty certain that under Obama it was because they fudged the numbers.
Market will crash some time after 2:00 PM today.
News of this sort is too good to last.
FR Headlines:
“Number of people receiving unemployment benefits running at 44-year lows”
“US Corporations Expect Best 1st Quarter Profits Ever”
“U.S. Weekly Jobless Claims Hold Below 300,000 for Longest Streak on Record”
“Report: Gun Jobs Up Nearly 90 Percent Since 2008, Gun Industry Economic Impact Up 169 Percent”
WINNING!!!
It reads like a pretty good campaign commercial (along with the other hundreds of improvements with Trump)
And because of this, they HATE Trump?
I’m always wondering why they hate Trump so much. It’s not logical.
The two best reasons, I think:
1) He is successfully helping America become better. They really don’t want that.
2) He is opposed to abortion.
Beyond those two things, I have nothing. He isn’t hurting blacks. He isn’t hurting homosexuals. He isn’t hurting young people or old people. But it seems that the groups that hate him the most are blacks, homosexuals, young people, old people and women who enjoy killing babies. Only the last group has any basis for their hatred.
And yet the labor force participation rate is at 62.9% and at the same level as when the President took office.
Maybe all those undocumented’s decided not to go there, because they’re afraid of deportation. :)
just another reason to hate Trump......
Undocumented’s would mean they weren’t in the numbers as technically being undocumented would mean they don’t exist.
How could it not be with all the people thrown out of work and thrown off the rolls during the obama period of prosperity?
Trump closes the democrat plantation.
How many have shifted over to Disability?
Thanks SeekAndFind.
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