Jobless Claims Plummet to Lowest Level in Half Century

The American economy continued to roar to life under President Trump and the Republican-controlled Congress in October; with jobless claims dropping to 210,000 and reaching the lowest levels in nearly 50 years.

According to Market Watch, “The number of Americans losing their jobs and applying for unemployment benefits each week remained near a 49-year low in mid-October, suggesting no visible deterioration in a U.S. labor market.”

Advertisement

It can’t get a whole lot better in the U.S. job market. Openings just hit a record high, the U.S. unemployment rate has fallen to a 48-year low of 3.7% and hiring remains robust

“It can’t get a whole lot better in the U.S. job market. Openings just hit a record high, the U.S. unemployment rate has fallen to a 48-year low of 3.7% and hiring remains robust,” adds the report.

The strong economic data comes less than three weeks before American voters head to the polls; deciding whether or not Nancy Pelosi and the Democrats return to power in both the House and Senate.

Read the full report at Market Watch.

PREVIOUS

Why are the DOJ and FBI Hiding Potentially Exculpatory Info on Papadopoulos?

NEXT

Pelosi Says She’s Fine with ‘Collateral Damage’ for Those With Different Views