More bad news for liberals - U.S. Jobless Claims Plunge to Lowest Weekly Tally Since 1973 - thanks to Trump's policies!!

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More bad news for liberals - U.S. Jobless Claims Plunge to Lowest Weekly Tally Since 1973 - thanks to Trump's policies!!

Post by barrysoetoro » Thu Jan 18, 2018 11:41 am

https://www.bloomberg.com/news/articles ... since-1973

U.S. filings 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.

HIGHLIGHTS OF JOBLESS CLAIMS (WEEK ENDED JAN. 13)
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
Key Takeaways

The drop in claims shows that companies are increasingly holding on to their employees amid a shortage of skilled labor. Businesses are struggling to find workers to fill positions, particularly in manufacturing and construction, as cited in some anecdotes for the Federal Reserve’s Beige Book released Wednesday.
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