Posted on 04/06/2017 6:12:17 AM PDT by John W
New applications for U.S. unemployment benefits recorded their biggest drop in nearly two years last week, pointing to a further tightening in the labor market.
Initial claims for state unemployment benefits declined 25,000 to a seasonally adjusted 234,000 for the week ended April 1, the Labor Department said on Thursday. The drop was the largest since the week ending April 25, 2015.
The prior week's data was revised to show 1,000 more applications received than previously reported.
Claims have now been below 300,000, a threshold associated with a healthy labor market for 109 straight weeks. That is the longest stretch since 1970 when the labor market was smaller.
(Excerpt) Read more at reuters.com ...
Unexpected! LOL
I wonder how much of this is illegals no longer trying to game the system afraid that they will get caught now.
More winning
The left is choking on this.
“Claims have now been below 300,000, a threshold associated with a healthy labor market for 109 straight weeks. That is the longest stretch since 1970 when the labor market was smaller.”
They have only been maintaining this stat since 1967 so it soon will be since keeping records. 109 is over 2 years and the labor market was not just smaller, it was half the size.
For 8 years they HOPED. In 3 months Trump CHANGED. MAGA!
That is a convoluted head line. How about “Best Jobs Report in 2 Years” or something simple like that.
Has Trump directed the Dept of Labor put an end to the fraudulent statistics they’ve been using to come up with these jobless numbers for so long?
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