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U.S. Economy Still Booming

Wall Street Journal: U.S. Jobless Claims Fell to a 49-Year Low Last Week

Initial jobless claims, a proxy for layoffs across the U.S., declined to a seasonally adjusted 203,000 in the week ended Sept. 1

WASHINGTON—The number of Americans filing applications for new unemployment benefits fell at the end of August to a nearly five-decade low.

Initial jobless claims, a proxy for layoffs across the U.S., declined by 10,000 to a seasonally adjusted 203,000 in the week ended Sept. 1, the Labor Department said Thursday. This is the lowest level of unemployment benefit applications since the end of 1969.

Economists surveyed by The Wall Street Journal expected 211,000 new claims last week.

Though data can be volatile from week to week, the four-week moving average of claims, a steadier measure, also fell to a 49-year low. The measure dropped to 209,500.

Jobless claims have remained low in recent years, as the labor market continues to tighten and managers face difficulty finding qualified employees.

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WNU Editor: Many Americans have yet to benefit from this economic boom, but if it continues it will help everyone. My prediction .... the media is portraying the White House in disarray, but President Trump's entire agenda is being implemented across the board in a manner that I have never seen before. This economic boom is very real, and the long term political and geopolitical impact from this boom should not be underestimated.

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