JOBLESS CLAIMS 44 YEAR LOW … US Weekly Jobless Claims Total 218,000, vs 224,000 Expected

MAKING AMERICA GREAT AGAIN …

The President Donald Trump economy continues to amaze. According to CNBC, state jobless claims dropped 4,000 to a seasonally adjusted 218,000 for the week ended June 9, and a 44 year low.  Couple this with historic low unemployment rates, all time low black unemployment rates, and all time low female unemployment rates. The economy is fantastic and people are prospering under President Donald Trump.

New applications for U.S. unemployment benefits unexpectedly fell last week and the number of Americans on jobless rolls declined to a near 44½-year low, pointing to a rapidly tightening labor market.

Initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 218,000 for the week ended June 9, the Labor Department said on Thursday. Claims data for the prior week was unrevised.

Economists polled by Reuters had forecast claims rising to 224,000 in the latest week. The Labor Department said claims for Maine and Hawaii were estimated last week.