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Jobless Claims Drop to 222,000, Lowest Level Seen in 44 Years
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usmbacker Offline
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Jobless Claims Drop to 222,000, Lowest Level Seen in 44 Years
Plus Dow hits 23,000 this week.

WINNING!!!!

Quote:Jobless claims dropped to 222,000 this week, which is the lowest level seen in 44 years, the Washington Examiner reported.

Claims for unemployment benefits were expected to drop to 240,000 but dropped even further to 222,000.

“Low jobless claims are a good sign,” the article says. “They suggest that layoffs are infrequent and accordingly that net job growth is strong. Because the claims numbers are aggregated from state unemployment agencies weekly, they are valued by investors and government official as a high-frequency gauge of the economy’s health.”

http://freebeacon.com/issues/jobless-cla...-44-years/
10-19-2017 12:13 PM
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Lord Stanley Offline
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RE: Jobless Claims Drop to 222,000, Lowest Level Seen in 44 Years
Thanks Obama!
10-19-2017 12:28 PM
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Redwingtom Offline
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RE: Jobless Claims Drop to 222,000, Lowest Level Seen in 44 Years
Thankfully trump hasn't totally screwed up the economy yet. As long as his tax cut scheme doesn't see the light of day, we should be able to sustain the good path the Obama administration set us on.
10-19-2017 12:58 PM
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UofMstateU Online
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Post: #4
RE: Jobless Claims Drop to 222,000, Lowest Level Seen in 44 Years
(10-19-2017 12:58 PM)Redwingtom Wrote:  Thankfully trump hasn't totally screwed up the economy yet. As long as his tax cut scheme doesn't see the light of day, we should be able to sustain the good path the Obama administration set us on.

MUH LEGACY!
10-19-2017 01:03 PM
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Owl 69/70/75 Offline
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Post: #5
RE: Jobless Claims Drop to 222,000, Lowest Level Seen in 44 Years
(10-19-2017 12:58 PM)Redwingtom Wrote:  Thankfully trump hasn't totally screwed up the economy yet. As long as his tax cut scheme doesn't see the light of day, we should be able to sustain the good path the Obama administration set us on.

Pray tell how tax rate cuts could hurt the economy.
(This post was last modified: 10-19-2017 03:38 PM by Owl 69/70/75.)
10-19-2017 03:37 PM
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Lord Stanley Offline
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RE: Jobless Claims Drop to 222,000, Lowest Level Seen in 44 Years
(10-19-2017 03:37 PM)Owl 69/70/75 Wrote:  
(10-19-2017 12:58 PM)Redwingtom Wrote:  Thankfully trump hasn't totally screwed up the economy yet. As long as his tax cut scheme doesn't see the light of day, we should be able to sustain the good path the Obama administration set us on.

Pray tell how tax rate cuts could hurt the economy.

Less money in the Washington DC metroplex.
10-19-2017 03:45 PM
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Owl 69/70/75 Offline
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RE: Jobless Claims Drop to 222,000, Lowest Level Seen in 44 Years
(10-19-2017 03:45 PM)Lord Stanley Wrote:  
(10-19-2017 03:37 PM)Owl 69/70/75 Wrote:  
(10-19-2017 12:58 PM)Redwingtom Wrote:  Thankfully trump hasn't totally screwed up the economy yet. As long as his tax cut scheme doesn't see the light of day, we should be able to sustain the good path the Obama administration set us on.
Pray tell how tax rate cuts could hurt the economy.
Less money in the Washington DC metroplex.

Good. That's one thing that is badly needed.
10-19-2017 03:47 PM
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jaredf29 Offline
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Post: #8
RE: Jobless Claims Drop to 222,000, Lowest Level Seen in 44 Years
Good news, now we just need wages to rise and we’re rolling.
10-19-2017 03:55 PM
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swagsurfer11 Offline
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Post: #9
RE: Jobless Claims Drop to 222,000, Lowest Level Seen in 44 Years
People have given up looking for work. Sad.
10-19-2017 04:27 PM
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Fo Shizzle Offline
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RE: Jobless Claims Drop to 222,000, Lowest Level Seen in 44 Years
(10-19-2017 04:27 PM)swagsurfer11 Wrote:  People have given up looking for work. Sad.

Probably true to an extent....just as it was during the last administration. Count me as being always skeptical of job numbers.
10-19-2017 04:32 PM
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MJG Offline
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RE: Jobless Claims Drop to 222,000, Lowest Level Seen in 44 Years
(10-19-2017 12:28 PM)Lord Stanley Wrote:  Thanks Obama!
Where is all the talk of how many dropped out of the job market.
When unemployment dropped that is all Rush and his idiots wanted to talk about.
My guess the number is still high and the baby boomers are still retiring.

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10-19-2017 04:39 PM
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UofMstateU Online
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Post: #12
RE: Jobless Claims Drop to 222,000, Lowest Level Seen in 44 Years
(10-19-2017 04:39 PM)MJG Wrote:  
(10-19-2017 12:28 PM)Lord Stanley Wrote:  Thanks Obama!
Where is all the talk of how many dropped out of the job market.
When unemployment dropped that is all Rush and his idiots wanted to talk about.
My guess the number is still high and the baby boomers are still retiring.

Sent from my SM-J700T using CSNbbs mobile app

Unlike under Obama, the labor particpation rate is actually rising under Trump.

enjoy


[Image: latest_numbers_LNS11300000_2007_2017_all...9_data.gif]
10-19-2017 04:57 PM
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fsquid Offline
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Post: #13
RE: Jobless Claims Drop to 222,000, Lowest Level Seen in 44 Years
Good deal

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10-19-2017 05:01 PM
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Marc Mensa Offline
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RE: Jobless Claims Drop to 222,000, Lowest Level Seen in 44 Years
(10-19-2017 04:57 PM)UofMstateU Wrote:  
(10-19-2017 04:39 PM)MJG Wrote:  
(10-19-2017 12:28 PM)Lord Stanley Wrote:  Thanks Obama!
Where is all the talk of how many dropped out of the job market.
When unemployment dropped that is all Rush and his idiots wanted to talk about.
My guess the number is still high and the baby boomers are still retiring.

Sent from my SM-J700T using CSNbbs mobile app

Unlike under Obama, the labor particpation rate is actually rising under Trump.

enjoy


[Image: latest_numbers_LNS11300000_2007_2017_all...9_data.gif]

No its not. Its been bouncing between 62% and 63% since 2012.
10-19-2017 05:06 PM
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Machiavelli Offline
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Post: #15
RE: Jobless Claims Drop to 222,000, Lowest Level Seen in 44 Years
Participation rate. That was the tried and true for the outrage crowd during the Obama years. These guys have no credibility.
10-20-2017 07:15 PM
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