Jobless Claims Fall to Lowest in Nearly 49 Years Since 1969

MORE AMAZING ECONOMIC NEW BROUGHT TO YOU BY THE TRUMP ECONOMY …

As reported at CNBC, the number of Americans filing for unemployment benefits fell last week, hitting near a 49-year low of 201,000. That is the lowest level since November 1969. The rate of layoffs in the U.S. have been declining for years and are now near the lowest levels in half a century.

This is why you elected Donald Trump president. He can only continue the amazing economy with a Republican, and more so Conservative Republican House and Senate.

The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting near a 49-year low in a sign the job market remains strong.

Initial claims for state unemployment benefits fell by 3,000 to a seasonally adjusted level of 201,000 for the week ended Sept. 15, the Labor Department said on Thursday. That is the lowest level since November 1969. Data for the prior week’s claims was unrevised.

Economists polled by Reuters had forecast claims rising to 210,000 in the latest week.

The Labor Department said only claims for Hawaii were estimated last week. The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, declined by 2,250 to 205,750 last week, the lowest level since December 1969.

America, wake up. Under President Donald J. Trump we have not seen these finds of economic numbers in half a century. This is historic. Unemployment benefit claims at record lows, black unemployment at record lows, Hispanic unemployment at record lows, a current unheard of 3.9% unemployment rate, 4.2% GDP last quarter and consumer and business optimism is through the roof. Trump has renegotiated NAFTA with Mexico for a better US deal and is about to do the same with Canada.

A note to Republicans, Independents and blue color, hard working Democrats … this is what you wanted! This is why you elected Donald Trump in 2016. Look what he has made possible in less than 2 years. If you want all this to come crashing down then by all means put the Democrats back in control in the House and Senate and watch the collapse of the economy. It is up to you to continue to Make America Great Again.

Jobless Claims Remain at Half-Century Low Initial Claims, Fell to 204,000 in the Week Ended Sept. 8, 2018

MORE GREAT ECONOMIC NEWS …

As reported at the WSJ, initial jobless claims have fallen to 204,000, the lowest level since December 1969. More great news for the Trump administration. How many good economic indicators must be done under President Donald Trump before it becomes obvious, the reason for the great economy is his policies and the tax cuts?

The number of Americans filing applications for new unemployment benefits fell last week, remaining at a half-century low for the second-straight week.

Initial jobless claims, a proxy for layoffs across the U.S., fell by 1,000 to a seasonally adjusted 204,000 in the week ended Sept. 8, the Labor Department said Thursday. This is the lowest level since December 1969. Unemployment benefit applications were near this level last week too.

Economists surveyed by The Wall Street Journal expected 210,000 new claims last week.

Data can be volatile from week to week. The four-week moving average of claims, a steadier measure, fell 2,000 to 208,000, also the lowest level since 1969.

Jobless claims have remained low in recent years, as the labor market continues to tighten and managers face difficulty finding qualified employees.

Thursday’s report showed the number of claims workers made for longer than a week declined by 15,000 to 1,696,000 in the week ended Sept. 1. The figure, also known as continuing claims, is reported with a one-week lag.

MAGA: 72% of Blue Collar Workers are OPTIMISTIC About Future and 67% of Blue Collar Workers are HAPPY!!!

THE FORGOTTEN MEN AND WOMEN ARE HAPPY AND OPTIMISTIC UNDER PRESIDENT TRUMP …

A new survey of white and blue collar employees have provided some amazing results. 72% of blue collar workers and 76% of white collar workers are optimistic about their future. Also, 67% of blue collar workers state they are happy at their work. The 2016 presidential election victory by Donald Trump was a victory for the forgotten blue collar men and women of America. Blue collar workers are very optimistic about the future.

By many measures, America’s blue-collar workers are confronting a challenging present and uncertain future. The twin threats of outsourcing and automation show few signs of slowing, causing some pundits to question whether the American dream remains attainable for working-class families.

However, research suggests the outlook for white-collar professionals may also be less than rosy. Whereas blue-collar workers have actually enjoyed rising wages in recent months, white-collar professionals have seen their pay remain largely stagnant. Plus, large-scale surveys indicate office workers are feeling deeply disconnected from their work, leading to burnout and poor performance.

Keep this in mind for the upcoming 2018 midterm elections. It is not about what the MSM tells you or a skewed poll, it’s always about the economy.

Middle Class Income Rising, Back To Where It Was In 2000

MORE GREAT ECONOMIC NEWS …

As reported at CBS – Boston, Middle class income levels are back to where they were during 2000. The Pew Research Center report, which used the most recent data available; however wait until they use the 2017 and 2018 economic data that will show the levels have blown above the reported 2016 ones.

No wonder the middle class is feeling squeezed. Its income is only returning to where it was in 2000.

The typical family of three had an income of just under $78,450 in 2016, according to a Pew Research Center report, which used the most recent data available. In 2000, it was just under $78,100.

Whatever advances the middle class made in the early 2000s were snuffed out by the Great Recession, said Rakesh Kochhar, a senior researcher at Pew. Its median income had dropped to $74,000 by 2010, and it took several years to return because of the historically slow economic recovery just after the downturn.

Only upper income families have seen some uptick. Their income rose to nearly $187,900 in 2016, compared to $183,700 in 2000.

The Census Bureau will report median household income for 2017 for the nation overall on Wednesday. It rose to just over $59,000 in 2016, up 3.2% from a year earlier.

Small Business Optimism Surges to Highest Level Ever … Better Than Even Under Reagan

ANOTHER ECONOMIC RECORD FOR THE TRUMP PRESIDENCY …

As reported at CNBC, the NFIB Small Business Optimism Index jumped to 108.8 last month, an all-time high. This is the highest level ever recorded in the survey’s 45-year history and above the previous record of 108 in 1983, set during the second year of Ronald Reagan’s presidency. President Donald Trump is making good on his promise to “Making America Great Again.”

Main Street optimism hits new August high from CNBC.

U.S. small business optimism surged to a record in August as the tax cuts and deregulation efforts of President Donald Trump and the Republican-led Congress led to more sales, hiring and investment, according to a survey by the National Federation of Independent Business.

The NFIB Small Business Optimism Index jumped to 108.8 last month, the highest level ever recorded in the survey’s 45-year history and above the previous record of 108 in 1983, set during the second year of Ronald Reagan’s presidency. The August figure was up from a 107.9 reading in July.

The NFIB noted record readings for job creation plans and the amount of owners saying it was a good time to expand. Capital spending plans were the highest since 2007.

“Today’s groundbreaking numbers are demonstrative of what I’m hearing everyday from small business owners – that business is booming,” said NFIB President and CEO Juanita D. Duggan, in a press release Tuesday. “As the tax and regulatory landscape changed, so did small business expectations and plans.”

I guess Obama will take credit for this as well.