Initial Jobless Claims Crash To Lowest Since 1973.
The DOL reported that filings for unemployment benefits tumbled to the lowest level in 45 years, or since 1973, as all those workers who were unable to work due to the two hurricanes, returned to their jobs.
The initial claims print for the latest week - was 222K, below the 240K expected, and down 22K from the 244K last week. The less volatilte 4-week initial claims average alsod dropped to 248,250 from 257,750, Meanwhile, continuing claims fell by 16K to 1.89M in the week ended October 7.
To be fair, if you believe presidents have much control over this it's worth pointing out that Obama got claims down to levels last seen in 1975.
Or to be fair if you believe like I do that presidents have little control over this then you will neither praise your teams guy nor demonize the other teams guy.
Of course the vast.majority of outspoken Pat natters are hyper partisan
The LPR is still at 1978 levels at 63.1%. Trump has not accomplished squat. The FRB has not accomplished squat in terms of jobs, only created more bubbles and asset inflation.
@justme, how quickly we forget. These hyper-partisan nut jobs used to march out the Labor participation rate every time a good jobs report came out (lower unemployment) all throughout Obama’s presidency.
Initial Jobless Claims Crash To Lowest Since 1973.
The DOL reported that filings for unemployment benefits tumbled to the lowest level in 45 years, or since 1973, as all those workers who were unable to work due to the two hurricanes, returned to their jobs.
The initial claims print for the latest week - was 222K, below the 240K expected, and down 22K from the 244K last week. The less volatilte 4-week initial claims average alsod dropped to 248,250 from 257,750, Meanwhile, continuing claims fell by 16K to 1.89M in the week ended October 7.
http://www.zerohedge.com/news/2017-10-19/initial-jobless-claims-crash-lowest-1973