Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

U.S. weekly jobless claims fall to lowest level since 1969
Reuters via Yahoo ^ | April 26, 2018

Posted on 04/26/2018 6:29:32 AM PDT by John W

WASHINGTON, (Reuters) - New applications for U.S. unemployment benefits dropped to their lowest level in more than 48 years last week, suggesting that March's slowdown in job growth was probably temporary.

Initial claims for state unemployment benefits fell 24,000 to a seasonally adjusted 209,000 for the week ended April 21, the lowest level since December 1969.

(Excerpt) Read more at yahoo.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: incometaxes; taxcutsandjobsact; taxreform; tcja; trumpeconomy; unemployment; unenjoyment
Navigation: use the links below to view more comments.
first previous 1-2021-4041-46 next last
To: John W

And EVERYONE was employed in ‘69 - either making stuff or running through the jungle with their M-16!


21 posted on 04/26/2018 7:33:39 AM PDT by Darteaus94025 (Can't have a Liberal without a Lie)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John W
U.S. population in 1969 = 202,676,946

U.S. population in 2018 = 325.71 million

22 posted on 04/26/2018 7:54:08 AM PDT by Joe Miner
[ Post Reply | Private Reply | To 1 | View Replies]

To: John W

The 2009 Stimulus is finally giving us those shovel-ready jobs.


23 posted on 04/26/2018 8:01:04 AM PDT by jalisco555 ("In a Time of Universal Deceit Telling the Truth Is a Revolutionary Act" - George Orwell)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jalisco555

Classic


24 posted on 04/26/2018 8:02:07 AM PDT by gathersnomoss
[ Post Reply | Private Reply | To 23 | View Replies]

To: rdl6989

Yup


25 posted on 04/26/2018 8:04:02 AM PDT by EdnaMode
[ Post Reply | Private Reply | To 11 | View Replies]

To: John W

And yet the labor force participation rate remains at 62.9% or the same as when the President took office.


26 posted on 04/26/2018 8:18:04 AM PDT by joesbucks
[ Post Reply | Private Reply | To 1 | View Replies]

To: MNJohnnie
From your link. Interesting:
27 posted on 04/26/2018 8:45:37 AM PDT by upchuck (Keep a sharp lookout. The best is yet to come.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: John W

but, but, but russians, stormy daniel, blah, blah, blah


28 posted on 04/26/2018 8:56:15 AM PDT by catnipman ( Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: joesbucks

False

https://tradingeconomics.com/united-states/labor-force-participation-rate


29 posted on 04/26/2018 9:42:46 AM PDT by MNJohnnie ("The political class is a bureaucracy designed to perpetuate itself" Rush Limbaugh)
[ Post Reply | Private Reply | To 26 | View Replies]

To: MNJohnnie

Better check your source. The official source say in January, 2017, it was 62.9%. In March, 2018 it was 62.9%. The same. It was 62.7% in December, 2016, but not January.

https://data.bls.gov/timeseries/LNS11300000


30 posted on 04/26/2018 9:59:53 AM PDT by joesbucks
[ Post Reply | Private Reply | To 29 | View Replies]

To: John W

Impressive, most impressive


31 posted on 04/26/2018 10:01:35 AM PDT by Crucial
[ Post Reply | Private Reply | To 1 | View Replies]

To: catnipman

“...but, but, but russians, stormy daniel, blah, blah, blah...”

My first thought, too.

But, leave it to the Enemy Media. Can’t give PDJT ANY credit for ANYTHING. Just mud-slinging and tantrum throwing from the Socialists.


32 posted on 04/26/2018 10:22:31 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set.)
[ Post Reply | Private Reply | To 28 | View Replies]

To: Darteaus94025

Anyone who thinks the REAL unemployment rate is as low as it was in ‘69 is dreaming. In those days engineering departments were often staffed with high school graduates who carried business cards with the title engineer on them. I know because I was one of those high school graduates. I was twenty five and I had a Navy electronics certificate but my job was not in electronics, I had ZERO college. People who had engineering degrees were just not available so they trained people on the job.


33 posted on 04/26/2018 11:14:37 AM PDT by RipSawyer
[ Post Reply | Private Reply | To 21 | View Replies]

To: John W
MAGA!
34 posted on 04/26/2018 1:42:21 PM PDT by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: joesbucks

.... Yeah, that is an interesting stat. We do have what we thought would have been a headwind of simple demographics. Meaning much of the non-participation could be boomers retiring - so happily voluntarily. I imagine all western/westernized nations are having that issue with fewer babies and more retiring.

And of course the rate is based on the fiction that America has 320 million people those working all working legally with a SSN. Factor in all the illegals and the participation rate is likely higher.


35 posted on 04/26/2018 1:47:15 PM PDT by Sam Gamgee
[ Post Reply | Private Reply | To 26 | View Replies]

To: RipSawyer

Yes, and there are many, non-establishment experts who can explain all that. LBJ was the first to politicize the number, asking the BLS to keep running those numbers until they got the number he wanted. So they use a complicated methodology designed to make the numbers higher than they were. So any government since that time has had a +2% bias in the numbers. And then apparently Clinton had the BLS do funny stuff with those numbers again, maybe now making the false number show a 4% bias to the upside.

Which also makes the numbers for comparison reasons to other countries completely apples to oranges. Canada has its own methodology, Japan has its own, Germany its own, ect... Which is why the financial media is absurd when it compares those numbers.


36 posted on 04/26/2018 1:51:06 PM PDT by Sam Gamgee
[ Post Reply | Private Reply | To 33 | View Replies]

To: John W

I don’t usually respond to these, but just wanted to mention it is possible that for the last few weeks, those numbers could be low due to the MASSIVE snowstorm in the midwest.

Check whether the numbers change in the next couple of weeks.

Maybe, or maybe not. Just saying, it was quite a storm.


37 posted on 04/26/2018 2:09:24 PM PDT by cba123 ( Toi la nguoi My. Toi bay gio o Viet Nam.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sam Gamgee

But not much has changed demographically in the year + figure. That Stat was used as a bat in 14-16, yet is hardly mentioned now.


38 posted on 04/26/2018 2:32:12 PM PDT by joesbucks
[ Post Reply | Private Reply | To 35 | View Replies]

To: John W

This is great but there is one bad part — work-age people are not re-entering the workforce like they would if we came out of any other recession / depression. That’s because social benefits are too high. A lot of people still don’t feel the pain of sitting out of the workforce. Trump needs to find a way to cut Welfare, Food Stamps, Obamacare, free housing, etc.


39 posted on 04/26/2018 5:23:22 PM PDT by Opinionated Blowhard (When the people find that they can vote themselves money, that will herald the end of the republic.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: AdmSmith; AnonymousConservative; Berosus; Bockscar; cardinal4; ColdOne; Convert from ECUSA; ...
Thanks John W.

40 posted on 04/26/2018 10:44:21 PM PDT by SunkenCiv (www.tapatalk.com/groups/godsgravesglyphs/, forum.darwincentral.org, www.gopbriefingroom.com)
[ Post Reply | Private Reply | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-46 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson