Jobless Claims lowest since 69’

Jarod said:
Long live President Biden!

https://www.marketwatch.com/story/u-s-jobless-claims-fall-to-lowest-level-since-1969-11648125485
Click to expand...

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Jarod said:
Long live President Biden!

https://www.marketwatch.com/story/u-s-jobless-claims-fall-to-lowest-level-since-1969-11648125485
Click to expand...

Absolutely, so where is the uptick in President Biden's approval rating at somehow and some way reversing the economic atrocities created by the lawlessly hacked in tyrant tRump?

The numbers: Initial jobless benefit claims fell by 28,000 to 187,000 in the week ended March 19, the U.S. Labor Department said Thursday.

That’s the lowest level since September 1969.

Economists polled by the Wall Street Journal had expected claims to total 210,000.

Key details: The number of people already collecting jobless benefits fell by 67,000 to 1.35 million. These so-called continuing claims are at their lowest level since the 1970s.

Big picture: With workers scarce, companies are not laying off workers.

Last week, Federal Reserve Chairman Jerome Powell called the labor market is “extremely tight,” noting that wages are rising at the fastest pace in a long time. Layoffs are expected to remain low for now. Once looming Fed interest rate hikes bite, there could be some pain in the labor market. "

https://www.marketwatch.com/story/u-s-jobless-claims-fall-to-lowest-level-since-1969-11648125485
 
gemini104104 said:
Absolutely, so where is the uptick in President Biden's approval rating at somehow and some way reversing the economic atrocities created by the lawlessly hacked in tyrant tRump?

The numbers: Initial jobless benefit claims fell by 28,000 to 187,000 in the week ended March 19, the U.S. Labor Department said Thursday.

That’s the lowest level since September 1969.

Economists polled by the Wall Street Journal had expected claims to total 210,000.

Key details: The number of people already collecting jobless benefits fell by 67,000 to 1.35 million. These so-called continuing claims are at their lowest level since the 1970s.

Big picture: With workers scarce, companies are not laying off workers.

Last week, Federal Reserve Chairman Jerome Powell called the labor market is “extremely tight,” noting that wages are rising at the fastest pace in a long time. Layoffs are expected to remain low for now. Once looming Fed interest rate hikes bite, there could be some pain in the labor market. "

https://www.marketwatch.com/story/u-s-jobless-claims-fall-to-lowest-level-since-1969-11648125485
Click to expand...

https://www.wsj.com/articles/inflation-midterms-democrats-11647629157?mod=mhp
 
Because unemployment only measures those who want a job and the government is passing around trillions of new dollars so willingness to work is way down labor force participation rate is the right number to look at. It has only just begun to recover, and is nowhere near pre economy shut down numbers.

Jobless claims tells us even less.

https://fred.stlouisfed.org/series/CIVPART
 
Consider the facts versus your anti Biden bullshit who inherited at tRump atrocity of economic and globally epic proportions. It takes a bit more than one year to create and amass the causes of inflation:

U.S. manufacturers blame Trump-era tariffs for inflation’s rise

WASHINGTON — Economists and policy makers are debating whether stimulus spending and easy monetary policy are fueling inflation. Many businesses say there is another culprit that should share the blame: import tariffs.

The Trump administration implemented tariffs on products including lumber, steel and semiconductors to shield American companies from a glut of cheap imported products from China and other countries.

From the archives (December 2019): Fed study finds Trump tariffs backfired

Capitol Report (August 2019): Trump raises China tariffs in escalation of trade war

The tariffs have long been opposed by U.S. companies that import the goods and pay the levies. They are making a new push for the Biden administration to lift them, on grounds that tariffs contribute to rising prices and product shortages that are accompanying the post-pandemic recovery."

https://www.marketwatch.com/story/u...p-era-tariffs-for-inflations-rise-11622387247
 
President Trump will be elected again in 2024.

The presidency was stolen in 2020 by the far left Democrat Socialist loons.

Americans are seeing the monumental failures of Biblical proportions of Biden/Kam.
 
Hawkeye10 said:
Because unemployment only measures those who want a job and the government is passing around trillions of new dollars so willingness to work is way down labor force participation rate is the right number to look at. It has only just begun to recover, and is nowhere near pre economy shut down numbers.

Jobless claims tells us even less.

https://fred.stlouisfed.org/series/CIVPART
Click to expand...

The government is currently passing around trillions of dollars? I think that was when Trump was president.
 
Hawkeye10 said:
Because unemployment only measures those who want a job and the government is passing around trillions of new dollars so willingness to work is way down labor force participation rate is the right number to look at. It has only just begun to recover, and is nowhere near pre economy shut down numbers.

Jobless claims tells us even less.

https://fred.stlouisfed.org/series/CIVPART
Click to expand...

This is what Reichtards *always* say when employment and job creation is up during the tenure of a (D) POTUS. "The numbers are rigged," "The numbers aren't accurate," "The numbers are really ___" etc. The only time we can trust BLS's figures is when the POTUS comes with an (R) after his name. lol
 
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