Thursday, November 17, 2016

#TrumpSpring: Fewest weekly jobless claims since 1973

Yeah, yeah, I get it, Barack Obama is still president, but last week's victory by political newcomer Donald Trump is sending a positive message to businesses, the heavy-handed, regulations-heavy Obama economy will be in the rear view mirror very soon.

Trump Spring is here.

From Investor's Business Daily:
The U.S. economy got several positive signs Thursday, as a raft of reports showed jobless claims were down, new home construction reached a nine-year high, manufacturing activity stayed on the plus side and inflation seemed to be returning to normal levels.

Jobless Claims

The fewest Americans since 1973 filed for unemployment benefits last week, a sign that the U.S. labor market is getting tighter.

Jobless claims dropped by 19,000 to 235,000 in the week ended Nov. 12, which included the Veterans Day holiday, a Labor Department report showed Thursday in Washington. The median estimate in a Bloomberg survey called for 257,000. Continuing claims fell below 2 million to a 16-year low.
Of course for the most part the mainstream media is ignoring this story because it makes Trump look good.

No comments: