Trump MAGAnomics U.S. Jobless Claims Lowest Since 1973 [1]

Trump MAGAnomics U.S. Jobless Claims Lowest Since 1973
No wonder President Trump chose The New York Times’ Paul Krugman BS As his #1 Fake News Story of 2017
U.S. Jobless claims for unemployment benefits plummeted to the lowest level in almost 45 years in a sign the job market will tighten further in 2018, Labor Department figures showed Thursday.

Jobless claims decreased by 41k to 220k (est. 249k); lowest level since Feb. 1973, biggest drop since April 2009
Continuing claims rose by 76k to 1.952m in week ended Jan. 6 (data reported with one-week lag)
Four-week average of initial claims, a less-volatile measure than the weekly figure, fell to 244,500 from the prior week’s 250,750
Prior week’s reading was unrevised at 261,000
Unemployment rate among people eligible for benefits rose to 1.4 percent from 1.3 percent in previous week
Claims were estimated for Arkansas, California, Hawaii, Kentucky, Maine, Puerto Rico, Virginia, Wyoming
New York’s unadjusted claims fell by 26,190 to 23,171; California’s estimated, unadjusted claims rose by 11,994 to 59,284


MAGAnomics WINNING!
The drop in claims shows that companies are increasingly holding on to their employees amid a shortage of skilled labor.

Already the lowest since 2000, the unemployment rate of 4.1 percent, could be poised to go even lower.

Read the full article