Unemployment Claims Fall To Lowest Level Since 1969

Do you ever wonder why the media is so interested in talking about anonymous claims and made-up scandals coming out of the Trump White House? One reason is so that they can intentionally ignore news like this.

The Hill reports:

Unemployment claims fall to 49-year low

The number of U.S. workers filing for unemployment benefits fell to near a 49-year low last week, as the labor market continues to show strength.

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Initial claims for state unemployment benefits fell to a seasonally adjusted 203,000 for the week ending Sept. 1, a drop of 10,000 from the previous week, the lowest level since December 1969, the Labor Department said on Thursday.

The four-week moving average, which is a better indicator of where the job market is headed, was 209,500, a decrease of 2,750 from the previous week, the lowest level for this average since Dec. 6, 1969, when it was 204,500.

The economy, which grew at a robust 4.2 percent pace in the April through June quarter, is chugging along despite headwinds from President Trump’s trade policies. Trump has applied steep tariffs on steel and aluminum imports and duties on $50 billion worth of Chinese goods.

A separate report released on Thursday showed private-sector businesses added 163,000 jobs, the fewest since Oct. 2017.

Trump is keeping his promises to the American people. And it’s driving his critics insane.

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