Posted on 04/04/2019 8:07:17 AM PDT by Red Badger
Filings for U.S. unemployment benefits unexpectedly fell, dropping to the lowest since December 1969, as the labor market tightened further.
Jobless claims decreased to 202,000 in the week ended March 30, below all economist forecasts, Labor Department figures showed Thursday. The four-week average, a less-volatile measure, declined to 213,500, the lowest since October.
The surprising drop in claims is an indication that the labor market continued to tighten, with employers holding onto workers and loathe to let them go.
The level of continuing claims, which had moved up in recent months, fell the most since November in the week ended March 23.
At the same time, the ADP Research Institute said this week that firms added the fewest workers in March since 2017, potentially signaling some weakness. A Bloomberg survey of economists had forecast a gain of 215,000.
Continuing claims, which are reported with a one-week lag, fell by 38,000 to 1.717 million in the week ended March 23.
The unemployment rate among people eligible for benefits held at 1.2%. The level has been unchanged since May. The previous weeks claims were revised up to 212,000 from 211,000.
Orange man givin us job opportunities. What a racist.
Time to tighten up on Welfare, ya think? Get those fat slackers off the couch and back on the payroll.
We can’t fill open developer positions. The market is so hot, we are going to have to offer more incentives or else. Hiring managers better dust off the obama rust quick.
Cept then druggies livin in tents next to The Children’s Museum of San Jose, California...
Literally 25 yards away...
“...we have turned into a welfare state and until laws are passed by Congress that make all benefits contingent on WORK, there will continue to be a significant % of people that will not work because they dont have to.
“nobody left to work . . .more than a grain of truth in the comment. One simply has to drive down a Main St. in practically any town USA and see the help wanted signs.”
Agree with you on both of these.
Turn off the welfare spigot and lets get those who are able back to work. This is a great time for MAGA to pull everybody up, especially fellow citizens who have had a tough time when the labor market is flooded wit illegals.
Don’t want to work? STARVE.
“Help Wanted” everywhere because many businesses have grown up on cheap illegal labor. With competitive wages, lots of these “businesses” would fail because the only thing they offer is a lower price based on cheap labor, NOT a better product, higher quality or creative innovation.
We agree on most.
Roll Maga, roll!
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