Weekly Jobless Claims in U.S. Plunge to Lowest Since 1973

DONALD TRUMP: MAKING AMERICA GREAT AGAIN ….

From Bloomberg News, The filings for unemployment benefits in the United States have fallen to the lowest level in almost 45 years. That is correct, the lowest since 1973. What does this mean? Coupled with job growth, a soaring stock market, low unemployment and the Trump tax cuts … the US economy is on fire!!! Wake up America and start giving credit where credit is due, the economy has rebounded like this in one year because of the presidential election of Donald Trump.

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.

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.

The figures suggest the unemployment rate of 4.1 percent, already the lowest since 2000, could be poised to decline further. The latest week for claims includes the 12th of the month, which is the reference period for the Labor Department’s monthly employment surveys.