The US economy continues to roar back to life under President Trump and the GOP-controlled Congress; with new data showing jobless claims dropping to the lowest levels seen since 1973.
According to Bloomberg, the strong financial report shows recent jobless claims plummeting by over 12,000 filings to just 215k applications; rates not seen in over 45 years.
“Claims at the lowest level in 45 years underscore a persistent shortage of qualified workers that has made employers reluctant to fire staff. Applications for jobless benefits below the 300,000 tally are typically considered consistent with a healthy labor market,” writes the financial website.
The new data shows the US economy is in full-swing heading into 2018; with low-unemployment, higher wages, and expanded benefits following the recently passed GOP-sponsored tax cuts.
Despite Democratic opposition, President Trump vowed last week to implement “Phase Two” of his overhaul of the nation’s tax code; seeking to make lower individual and corporate rates “permanent.”
ARMAGEDDON CONTINUES: Chipotle Announces BIG BONUSES, MORE BENEFITS after GOP Tax Cuts
Nancy Pelosi and Chuck Schumer’s dire predictions of “doom and gloom” continued to unravel this week, with Mexican food giant Chipotle announcing big bonuses and expanded benefits for its workers in the aftermath of the GOP-led tax cuts.
Chipotle Mexican Grill announced the new policies Wednesday, saying the quick-service restaurant was “rolling out benefits” to all of its 71,000 employees; extending stock bonuses, cash payouts, as well as paid parental leave.
According to Fox Business, qualified hourly and full-time employees will receive a bonus of $1,000 with some eligible for stock bonuses and grants to buy-back into the corporation.
Chipotle cites the recently passed GOP tax cuts as a prime factor behind the revised compensation packages.
“Other offerings will include accelerated training programs, and additional paid parental leave for everyone, from hourly managers to salaried employees,” writes Fox. “The company also added life insurance and short-term disability insurance coverage for hourly restaurant managers.”
Chipotle joins a growing list of American-based corporations -such as AT&T, Disney, Starbucks, Walmart, Home Depot, UPS, Visa, and others- to pay out big bonuses and raise wages after President Trump signed the sweeping tax overhaul into law late last-year.
ARMAGEDDON CONTINUES: FedEx Announces $3.2 BILLION in Raises, Bonuses
The dire liberal predictions of doom and gloom following the recently passed GOP tax cuts continued to evaporate Friday, as shipping giant FedEx announced its plan to increase wages across the country and pay out big bonuses to American-based workers.
According to the New York Post, the nationwide shipping corporation unveiled its new plan to pay out over $200 million in increased wages, pledging two-thirds of the fund towards hourly employees and the rest to be doled out using performance metrics and time-served in the company.
FedEx also vowed to invest another $1.5 billion in the corporation’s benefits package and an addition $1.5 billion for its American transportation hubs.
“FedEx believes the Tax Cuts and Jobs Act will likely increase GDP and investment in the United States,” said a statement on the company’s website.
The announcement makes the shipping giant the latest American-based corporation to reinvest in the US economy following the passage of the GOP tax cuts.
AT&T, Starbucks, Disney, Home Depot, Walmart, American Airlines, Visa, and others have all raised wages and payed out big bonuses within weeks of President Trump signing the sweeping GOP tax legislation into law.