Jobless Claims Drop to Lowest Level Since 1973

15442389_1199965780040467_6006370329266012997_nThe Department of Labor reported Thursday morning that jobless claims plunged to the lowest level since 1973 in the last week of February, providing good news about the health of the labor market.

New applications for unemployment benefits fell to 223,000 for the week, well below investors’ expectations for 245,000.

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The Washington Examiner also reports:
“The last time that few workers applied for unemployment benefits, there were fewer than 90 million people total in the workforce. Today, there are almost 160 million, illustrating just how rare jobless claims are.

Low jobless claims are seen as a good sign because they indicate that layoffs are relatively infrequent.

Thursday’s report is good news for the Trump administration, as it suggests that the jobs market is still getting stronger as President Trump settles into office. It’s also a sign to the Federal Reserve that the labor market is still tightening, suggesting that the pieces are falling into place for them to continue raising interest rates.

Economists gauge that claims below 300,000 signal that unemployment is still falling. Over the past month, weekly claims have averaged 234,250, the lowest such mark since April of 1973.

Unemployment, at 4.8 percent in January, is already low, and near where Fed officials think it would be if the economy were fully healthy.”

Sonya Sasser

South Carolina PolitiChick Sonya Sasser has conducted enormous research and has written numerous PolitiChick articles on topics such as: the IRS scandal, Fast and Furious, Obamacare, the erosion of personal freedoms, the unique power of county sheriffs, the Constitution versus U.N. treaties, Benghazi, terrorism, Mexican drug cartels, and various political candidates. Sonya has also conducted exclusive interviews with: well-known gun rights advocate Nikki Goeser, Catherine Engelbrecht of True the Vote, OK Congressman Jim Bridenstine, N.C. Senate candidate Molotov Mitchell, U.S. Senate candidate Nancy Mace, Madison Rising's lead singer Dave Bray, and many other distinguished subjects. Sonya has been a guest speaker at the South Carolina Guns Across America rally and various Conservative radio shows. In addition to her efforts to save our Republic, Sonya is a Christian, a wife, a mother, a registered dietitian, and a fashion and fitness guru. She is infamous for being 'that chick who runs a lot' and loves sharing her fitness tips with others! Sonya is also the creator and administrator of Breakthrough Nation, a Conservative blog that reaches thousands of Patriots across the nation. If you ask Sonya why she spends so much time on the political battlefield, her response will most certainly be, "I do it for my children." She feels it is her duty to preserve and protect those precious freedoms that have been endowed to every American by their Creator.

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