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 ...
Labor participation is very poor. When you look at people 40 years old and above, it’s horrific.
[People who had engineering degrees were just not available so they trained people on the job.]
Heady Days.
Excellent.
This should be breaking news everywhere.
Hey. More good job news. The labor force participation rate fell to 62.8%, lower than when Trump took office. https://data.bls.gov/timeseries/LNS11300000
https://tradingeconomics.com/united-states/labor-force-participation-rate
Here is a better chart for you.
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