Initial US Jobless Claims in April Lowest Since September, 1969 - Granite Grok

Initial US Jobless Claims in April Lowest Since September, 1969

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A strange thing happened on the way to the unemployment line. The line got shorter. Another strange thing? About 70% of jobs filled in 2018 came as a result of individuals who were not even in the labor force. Folks who had given up looking got up and got a job.

Those folks weren’t even in the line. They’d given up when Obama was still president. But they are going back to work. And the good news is that there are still more jobs to fill. So many that the last week the number of official jobless claims dropped to their lowest since September 1969.

Can you imagine the media attention that would get if a Democrat were in the White House?

Holy Historically Low Jobless Claims Batman!

We’d never hear the end of it. Lucky for you Donald Trump is President so you probably haven’t heard it at all until you read it here.

Americans are increasingly foregoing unemployment benefits as the job market remains strong and the economy shows signs of acceleration.

The initial claims of jobless benefits dropped to 192,000 in the week ending April 13, down 5,000 from the week before. That means less than 59 out of 100,000 Americans applied for the benefits—a record low. Economists had forecast claims would rise to 205,000 in the latest week.

And to help with the deficit in the trades the Trump administration has dedicated itself to supporting community colleges and trade schools with a goal of adding one million apprenticeships. Jobs America needs that pay well above whatever joke- living wage figure Democrats are cramming down on small business owners.

Every working body, especially in a trade, is one less person on welfare, Medicaid, or food stamps.

More news the left figures you don’t need to hear too often, if at all.

| Dept of Labor.gov

 

| Epoch Times