January 19, 2017

THANKS, UR!:

Jobless claims fall to lowest levels in more than 40 years (Patrick Reilly, JANUARY 19, 2017, CS Monitor)

On Thursday, the Labor Department reported that 234,000 Americans sought jobless aid in the week ending January 14th. The average claims for the four-week period ending on the 14th - which economists view as a less volatile measure - was 246,750.

Jobless claims serve as an index for layoffs in the economy, and these numbers are the lowest of their kind in over 40 years. Better yet, economists expect hiring to stay strong in 2017.

"The economy is doing great, whichever way you look at it," Harm Bandholz, the chief U.S. economist at UniCredit Research, told Reuters. "The labor market is close to full employment and the housing market continues to heal. Trump is inheriting a strong economy."

Now if only he'd do what he should have done with the fortune his dad handed him : nothing.
Posted by at January 19, 2017 6:55 PM

  

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