- The number of Americans filing applications for unemployment benefits fell to more than a 49-1/2-year low last week.
- The data pointed to sustained strength in the economy.
- Initial claims for state unemployment benefits dropped to 192,000 for the week ended April 13, the lowest level since September 1969, the Labor Department said.
- Let the good times roll. More people working means fewer getting government assistance, spending less public money, and they're all paying taxes. Eventually, that should help lower the national debt a bit.
Wednesday, April 24, 2019
Your Good News of the Day: US weekly jobless claims lowest since 1969; unemployment rolls shrink
That's right, lowest since 1969! I was nine years old in that year.
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1969,I stated my first job in October of that year. Building railroad cabooses at International Car Co.,atone time the largest builder of railway cabooses in the USA.
ReplyDeleteEighteen years of age,cleared $100/week.
Driving a '67 Mustang Fastback.
Thought I had the world by the ass.
After graduating U of Mich in December 1968, I started my first "grownup" job the next month, teaching HS freshman French and English for the sterling annual gross salary of $6900/year.
ReplyDeleteMy dad loaned me the price of a 1968 Fiat Spider 850, which I paid off in monthly installments. And paid rent on a shared apartment. And bought clothes and food, and car insurance, and had some fun to boot.
The money that is saved in unemployment benefits can now go to illegals! YAY!
ReplyDelete'69? I was born that year...
ReplyDelete