Economy & Investments

Winning: Unemployment Lowest Level Since 1973

There’s a curious phrase we’re not hearing much at all now that the Campaigner-in-Chief is playing golf full-time: ‘jobs saved’.

That faux statistic from the Obama administration was part of the so-called ‘shovel-ready’ stimulus that never really stimulated much of anything.

But with a pro-growth, pro-free market administration in place, Wall Street is responding and salaries, investments and jobs are on the rise…actually.

In the midst of the longest growth trend in a generation, jobless claims are now lower than they’ve been since before the Carter administration.

That means more than half of all Americans haven’t seen economic growth like this in their lifetimes.

That’s not fake news.

Here’s more from Washington Examiner…

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New applications for unemployment insurance benefits plunged by 41,000 to 220,000 in the second week of 2018, the Labor Department reported Thursday, the lowest level in nearly 45 years.

The report easily beat forecasters expectations for new jobless claims to drift down to around 250,000.

Low jobless claims are a good sign because they suggest that layoffs are relatively scarce. Federal Reserve officials and investors watch the numbers because they come out weekly, providing an early warning sign of any trouble.

New claims, which are adjusted for seasonal variations, are well below the mark that would suggest that unemployment is going to rise. Over the past year, new claims have scraped multi-decade lows as the jobs recovery has steadily reduced the number of unemployed workers.

The total number of people receiving unemployment benefits, which are available for up to 26 weeks in most states, stayed below 2 million, also near the lowest levels since the 1970s.

And at 4.1 percent in December, unemployment is as low as it has been since the dot-com bubble.

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