- Weekly jobless claims increased less than expected last week and the number of Americans receiving unemployment aid fell to its lowest level since 1973
- Economists polled by Reuters had forecast claims rising to 225,000 in the latest week.
- The four-week moving average of initial claims fell to the lowest level since March 1973.
- The U.S. central bank on Wednesday left interest rates unchanged. The Fed said policymakers expected "economic activity will expand at a moderate pace in the medium term and labor market conditions will remain strong."
- With the job market tightening, wages should rise.
Thursday, May 3, 2018
Good news if true: Jobless claims rise modestly; Americans receiving unemployment aid lowest since 1973
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I'm sure that the corrupt, smug, sly, elite media isn't giving credit to the President for reversing the 8 miserable years of ObamaNation.
ReplyDeleteDon't be silly. Obama set up Trump for this with 8 years of hard work to overcome the disaster Bush left him. Obama, Obama, Obama!!
DeleteIt's not true.
ReplyDeleteThe way they calculate jobless claims has changed a lot since 1973. If calculated the old way the unemployment rate would be over 20%. That is why despite lowering unemployment rates wages never seem to go up.
The truth is the economy is in shambles and that it won't recover until the fed quits printing so much money and the government quits borrowing so much.