Skip to comments.Unemployment claims fall to 48-year low
Posted on 04/27/2018 2:51:21 PM PDT by ProtectOurFreedom
First-time claims for unemployment benefits fell to a 48-year low last week as the labor market shows further signs of tightening after years of steady growth.
Claims plummeted to 209,000, a decrease of 24,000 in the week through April 21, from the previous week's 232,000, the lowest level since Dec. 6, 1969, the Labor Department reported on Thursday. The four-week moving average, a better gauge of the labor market's health, fell by 2,250 claims to 229,250.
New York accounted for the bulk of the drop, with the number of claims in the state dropping 18,402.
A tighter labor market is starting to boost wages as employers try to hold on to their employees as the pool of skilled workers shrinks.
Jobless claims remained below 300,000 a level that signals a healthy job market for a record 164th straight week.
In March, the labor market added 103,000 jobs, well below expectations, but the unemployment rate held at 4.1%, which is the lowest in 17 years.
Economists are forecasting that the unemployment rate could fall into the mid-3% range this year.
(Excerpt) Read more at thehill.com ...
I don’t trust this number.
Sure it is getting better, but don’t think everyone is working.
We need to bring back American jobs from China.
The Obama Recession is over.
I agree with you. A lot of people have settled for low paying jobs.
And many went on disability to survive, those that aren’t really disabled need to reenter the workforce.
We need to bring industries back so we aren’t dependent on other countries. “Beware of foreign entanglements”.
Dem / Marxist policies don’t grow anything, do they? Steal more of people’s money via taxes and there’s no capital for investment and job creation. Dem / Marxists always believe they can COMMAND the economy to grow, COMMAND green energy be cheap, plentiful, low price and and reliable, etc.
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