U.S. weekly jobless claims post largest drop in almost two years

Will be interesting to see the libs spin this. You sycophants claimed that Obama reduced the unemployment to what, 5%? So if we keep that same measuring stick, unemployment through the Trump turn will be what? -10%? Good luck with justifying those false numbers, Libs.



LINK

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New applications for U.S. unemployment benefits recorded their biggest drop in nearly two years last week, pointing to a further tightening in the labor market. Initial claims for state unemployment benefits declined 25,000 to a seasonally adjusted 234,000 for the week ended April 1, the Labor Department said on Thursday. The drop was the largest since the week ending April 25, 2015.

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quote:

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The labor market is currently near full employment.

Economists polled by Reuters had forecast first-time applications for jobless benefits falling to 250,000 last week.

A Labor Department analyst said there were no special factors influencing last week's claims data. Claims for Louisiana were estimated.

The four-week moving average of claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 4,500 to 250,000 last week.

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3 months in Trump's presidency and we are near full employment. Your faux numbers for the past 8 years are about to be exposed when we exceed full employment.