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The number of Americans filing for unemployment benefits fell more than expected last week.
Initial claims for state unemployment benefits dropped 11,000 to a seasonally adjusted 254,000 for the week ended Nov. 5, the Labor Department said on Thursday.
It was the 88th consecutive week that claims remained below 300,000, a threshold associated with a healthy labor market. That is the longest stretch since 1970, the department said.
Added to the 153,000 new private sector jobs added in December, we now have a clear picture of the healthy economy in 2016.
Let's hope things not only continue, but get much better, since adding JOBS is why Trump was elected (along with protecting Social Security, deporting millions of illegal immigrants, and repealing Obamacare on Day One). We ALL want the country to continue to do well!
It was the 88th consecutive week that claims remained below 300,000, a threshold associated with a healthy labor market. That is the longest stretch since 1970, the department said.
It's too early to celebrate. https://data.bls.gov/timeseries/LNS12300000
This chart shows the percentage of the population employed.
To get back to 2006 levels, there would need to be 9,600,000 new jobs added.
Sounds like the year 2000. Then huge tax breaks for the rich, gifts to Wall Street and the military industrial complex happened. Trump promises huge tax breaks for the rich, has installed Wall Street fat cats in the most important economic positions and promises huge gifts to the military industrial complex. Could be deja vu all over again.
It's too early to celebrate. https://data.bls.gov/timeseries/LNS12300000
This chart shows the percentage of the population employed.
To get back to 2006 levels, there would need to be 9,600,000 new jobs added.
lol, thats what we get when we have an aging society with tens of millions of baby boomers and zero support for families to balance children, jobs and the elderly parents. Government is there to support the interests of the billionaire class. Not the 99%. And the people just elected the billionaire class for another 4 years. So we get the preferred policies of the billionaire class.
U6 looks to be coming down also. Currently at 9.5%. Early 2008 was the last time it was lower.
That's very good news considering where we were in 2009.
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