The rapid US economic recovery continued to soar under President Trump and the Republican-controlled Congress this week, with new data showing American unemployment claims plunging to the lowest levels in 49 years.
According to the Wall Street Journal, US jobless claims declined the week ending September 1st; dropping to statistics not seen in the United States since the end of 1969.
“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,” writes the WSJ.
“U.S. employers added 157,000 jobs and the unemployment rate fell back to 3.9% in July, hovering near the lowest level since April 2000, according to the Labor Department’s latest jobs report,” adds the report.
Read the full story at the Wall Street Journal.
GREAT AGAIN: 95% of Manufacturers ‘OPTIMISTIC’ about Economy, Highest IN HISTORY
A stunning new survey by industry insiders revealed Wednesday that over 95% of American-based manufacturers have a “positive outlook” about the US economy and future growth potential.
The survey, released by the National Association of Manufacturers, shows a staggering 95.1% of those in the industry are optimistic about the US recovery heading into the third quarter of 2018; the highest level seen in the report’s twenty year history.
“Last year, manufacturers promised that we would deliver for our people and our communities if tax reform became law. Congress and the president delivered, and now manufacturers are keeping our promise: hiring new workers, raising wages, improving benefits, buying equipment and expanding right here in the United States. And the best part is, with manufacturers’ record-setting confidence and plans to keep hiring and growing, more good news is yet to come,” said a statement from NAM President Jay Timmons.
GREAT AGAIN: 83% of US Business Executives Say ECONOMY is BOOMING
A stunning new poll released this week shows the US economy continues to soar under President Trump and the GOP-controlled Congress, with the vast majority of businesses executives saying the nation is “doing better” than it was two years ago.
The survey published by Zogby Analytics shows a whopping 83% of America’s business executives see the country as “better today than it was two years ago” compared to just 11% who said it was worse.
“An overwhelming majority (83 percent) of respondents said business is doing better compared to two years ago. Whether this sentiment is the result of actions put forth during the Obama presidency or Trump presidency is up for debate and will be divided along partisan lines, but at the moment there is momentum building in the U.S. economy,” said the poll.
“At the moment, the economy of the United States is humming, though there are many problems that lurk ahead, such as a recession, interest rate hikes, and an untoward amount of federal debt. But right now consumers are confident and the psychology of financial markets is one that has a positive outlook,” added the survey.