Jobless claims just hit near 50 year low, but that’s not the BEST news…

As an indicator of how well the economy is doing, jobless claims just hit a near 50-year low.

But that’s apparently not the best news from this report:

AXIOS – U.S. employment numbers continue to get better. Data released yesterday showed the number of Americans filing for unemployment benefits fell to its lowest in almost 50 years last week.

More important than the single print was the direction of the trend. The 4-week moving average of initial claims fell to 201,250 last week, the lowest reading since November 1969.

That sustained trend, considered a more reliable indicator because it irons out week-to-week volatility, shows the labor market is consistently moving to historically low levels of unemployment, even if the metrics are a bit distorted.



Sustained trends show the labor market is “…moving to historically low levels of unemployment”!

That’s huge news and you’d think Democrats would be so happy about this.

But even if they were (and they aren’t because they are hypocrites), I doubt you’d hear much about it from the media, especially with the Mueller report obsession being front and center right now.

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Danaellen
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Danaellen

Good news for whom. Some of these leftists don’t want to work. They want their free stuff

Proud Nana
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Proud Nana

Great news, thanks Pres. Trump clapping clapping

K-Bob
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K-Bob

Well, back in 2006, Nancy Pelosi said, “Jobs, jobs, jobs! Let’s vote for jobs!” And she became Speaker of the House.

I guess she finally got it done.

/s

kong1967
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kong1967

I was listening to Democrats just the other day claiming that the economy is in the tank.

AT
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AT

Well, it is and it isn’t. The jobs numbers are great, but overall wealth isn’t really moving. The number of people living month to month is still on the rise, and most families don’t have the savings or investments to take a three month hit of no income. The average personal credit debt is no number to be proud of. Home ownership (even vehicle ownership) has been taking a backseat to leasing lately. And discretionary spending is shrinking (especially with the middle class) as the cost of goods/fuel continues to rise. Nationally, our spending is still insanely out of control, and not one single person in Washington is taking it seriously. The dollar value’s position is precarious. China owns way too much of our debt. And for all the talk about Donald making life easier for the American businessman, Big Fed still saddles the economy with so much tax and… Read more »

JJJ
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JJJ

People’s savings, personal debt and leasing are not economic issues, they’re personal issues. People just don’t save like they used to and are generally bad with money. Leasing is up because of companies like Uber and Lyft. It also depends on how you define discretionary spending. A mortgage is not considered discretionary spending and yet the average home is 1.5 times larger than they were just 50 years ago. People are spending more on “necessities” that could be considered partially discretionary. Gas, when adjusted for inflation and summer prices is as cheap as it’s ever been with the exception of the late 90’s. I agree that our National spending/debt is absolutely horrific, particularly when taking into account unfunded liabilities. There is no doubt that the government has a spending problem that needs to be dealt with but other than that things are trending quite nicely.

Dr. Strangelove
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Dr. Strangelove

kong1967kong1967 Disaster is their stock in trade. Sunshine, lollipops and rainbows don’t keep the sheeple in a panic.

kong1967
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kong1967

Nope.

K-Bob
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K-Bob

Capitalism is always a good news/bad news system. Companies go under. It’s just how it works. So you can always find gloom and doom, regardless of the overall picture.

Central-planning economies are all bad news, except for the chosen few. So in those places, you hide the bad news from the people.

But theme park attendance has been growing each year under Trump. It also gets more expensive each year. And it ain’t all white people. The black middle class is doing historically well right now.

bigsir74
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bigsir74

Chick Fil A is certainly doing their part to keep the unemployment low.They must have 15 employees on duty when I go in for Lunch. .You order and pay,receive your drink and go find a table.Your food is delivered..Youngsters on the floor continually wiping tables and others asking if they can refill your drink.Love Chick fil A.See you later .My son and I are going to lunch.Bye Bye. So glad this was an open thread

PlotEvil
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PlotEvil

I guess people learned to code.

Dr. Strangelove
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Dr. Strangelove

I gad a code, but I’m gedding ober it.

Ronbo
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Ronbo

It’s amazing how they touted Obama’s pathetic numbers and say nothing about Trump’s successes.
It’s a shame Trump has gone down the liberal path of tariffs. We’d see a half point or more of growth if he’d get rid of them.

Ronbo
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Ronbo

Haha. A vote down because we have tariff lovers. Please don’t hide behind your thumbs down. Let’s engage in a debate about your support of tariffs like the benefits of Smoot-Hawley?
I said trump gets credit for a great economy but his tariffs are out of Bernie’s playbook (and they are). There is nothing republican or conservative about tariffs. AOC, Maxine waters, Bernie, and the entire left supports them. Oh yeah, and Trump.

Thomas-Aquinas
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Thomas-Aquinas

AFAIK, Trump is mad at China for its abuse of workers and other nefarious economic and military practices, so there is at least some rationale behind it.

Ronbo
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Ronbo

I get it but the tariffs are just bad economic policy and bad for business. It is right our if the left’s playbook. He’s very lucky the economy is bailing him out if this bad decision.

Sentinel
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Sentinel

Democrats don’t want good news, prosperity for Americans or low unemployment because of Trump. They hate this country (imo) and only see us as hosts for their parasitic gluttony.

PlotEvil
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PlotEvil

Democrats always thrive in elections with constant bad news. Sometimes they make up their own.

Thomas-Aquinas
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Thomas-Aquinas

They don’t understand economics… at all. To them, it’s a zero-sum world. If the rich are getting richer they must be taking wealth from the poor.

trytothink
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trytothink

Normally we get micro-focused on just the American economy and so when we are in recession or growth we tend to give blame or credit to the government without looking at the bigger picture.

Take a look at the G20 tab in the GDP growth and projected growth for the coming quarters:
https://tradingeconomics.com/forecast/gdp-annual-growth-rate?continent=g20

Some third world economies are growing faster than ours (I include China in that label still) – but looking at our other first-world competitors mostly in Europe, the US economy is doing noticeably better.

Let’s hope that this trend continues.

New West
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New West

Now if we can get the Illegals out of the work force, we can make it even better for citizens to get jobs…

trytothink
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trytothink

AvatarNew West Good point, and you know what is especially revealing about it?

If the illegals were removed from our labor market, the labor force participation rate would go up, wages would go up, and the “income gap” would decrease.

But as usual, the Democrats whine about that stuff but don’t really care about it or understand that they’re the cause of it.

jaspersilvis
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jaspersilvis

Most employers require SSN for employment. Illegals who claim to pay taxes must have received a fraudulent SSN, which means they performed identity theft to get it. We would be able to determine this easily if the IRS and Social Security office would share their databases the way Homeland Security allows limited sharing of FBI, NCIS and CIA data. But, of course, there is push-back on this from which side again?

New West
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New West

ID theft by illegal aliens has been going on for years and years. They don’t usually find out until the persons identity that was stolen, files taxes or gets a notice from the IRS saying it was a place they were employed. Then the person has to fight with the bureaucracy to prove or try to prove it’s not them…By the. The illegal has moved on to a new SSN…
My husband is retired BP agent of 34 years and saved all the phony SSN cards and other ID from illegals…That was from the 80’s and 90’s…If they are caught, they are usually in a Sanctuary city and go without any consequences….

sjmom
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sjmom

This IS what the American people care about……..jobs and the economy. This is also why Trump will win next year.

Charli
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Charli

Democrats are unhappy about everything; they are the most miserable hate group I have ever seen in my life and anyone who wants to be a Democrat these days is simply a “misery loves company” mental nutjob.

Blue Dogs and all Democrats confused by what you see in your party, the late, great Ronald Reagan once said, “I did not leave the Democrat Party; the Democrat Party left me.” Time to register as an Independent, if you are disenchanted…jump ship before it plummets to the bottom of the sea of hell.

sjmom
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sjmom

CharliCharli Well said…………the Democrats are a miserable group of people for sure.

Thomas-Aquinas
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Thomas-Aquinas

They’re overgrown teenagers. They complain about every evil that they see without lifting a finger to help. Then they talk about how great everything would be if everyone just listened to their free advice.

Charli
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Charli

Unfortunately, their idea of “evil” and our idea of evil are two different things…but then those who believe in communism ARE wrong most of the time.

msliberty
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msliberty

I’ll wait to hear the crazy lefties claim 0bama built those jobs lol question

Paladin
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Paladin

What the heck is this?! I thought reporting good news that can be directly attributed to the Trump administration was illegal? You are killing the narrative Scoop and will need to submit yourself for a thorough investigation. sarc

TomNewman64
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TomNewman64

Inside the mind of the average Maoist Dem: “Good, let’s kill all those jobs with a Green New Deal that destroys our economy and transportation system and that leaves all our housing and commercial buildings in a state of perpetual mid-renovation where we are exposed to all the elements all the time.”

Paladin
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Paladin

TomNewman64TomNewman64 Sounds like Cairo Egypt, or at least what it was like in the 90’s. The powers that be decided that if your building was under construction you didn’t have to pay taxes. The result; a city full of buildings with rebar sticking out of the top floor for further construction.

TomNewman64
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TomNewman64

That’s exactly what we would get. In fact, that’s probably exactly how the GND would work for housing and commercial buildings – as long as you are mid-renovation, you get a tax break. So everything would perpetually be mid-renovation.

Plus, we would quickly run out of money and building supplies to finish all the projects. That’s the other reason.

Thomas-Aquinas
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Thomas-Aquinas

The Adams family roof style derives from a French tax on the number of floors in a home. Attics were not counted as floors so… the “attics” became boxy floors.
https://www.houzz.com/magazine/architecture-pays-tribute-to-the-tax-man-stsetivw-vs~2095168

Buzzkill59
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Buzzkill59

But,but,COLLUSION! Or,or,or OBSTRUCTION!

SheerPolitics
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SheerPolitics

So much winning!

The democrats will just claim that these are low paying jobs and (paradoxically) those high employment numbers are why we need to let more illegal aliens in.

The CoC and GOP will, of course, want to bring in more HB-2Bs because wages are going up.

TomNewman64
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TomNewman64

…and that those illegal aliens need to go somewhere else besides their “sanctuary cities”, where the police are paid only to protect the wealthy from the indigents.

Tracy
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Tracy

Who cares to talk about what actually affects the American people, we need the drama of the Mueller report!

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