Contribute
CONNECT:

press releases

ICYMI: U.S. jobless claims fall; continuing claims lowest since 1988

- May 11, 2017


 

https://prod-cdn-static.gop.com/media/images/ICYMI%205%2011_1494508767.PNG
 

Watch Here
 

BRIAN KILMEADE: "U.S. unemployment claims sliding by 2,000 to 236,000. The number of Americans now collecting benefits is as low as it’s ever been. Actually, dates all the way back to 1988 the last time it was this low."


Excerpts from Reuters


U.S. jobless claims fall; continuing claims lowest since 1988
By: Lucia Mutikani
Thursday, May 11, 2017


"New applications for U.S. jobless benefits unexpectedly fell last week while producer prices rebounded strongly in April, pointing to a tightening labor market …

"Labor market strength was also underscored by a sharp drop in the number of Americans on unemployment rolls to a 28-1/2-year low in the final week of April.


"Initial claims for state unemployment benefits fell 2,000 to a seasonally adjusted 236,000 for the week ended May 6, the Labor Department said on Thursday …

"Claims have now been below 300,000, a threshold associated with a healthy labor market, for 114 straight weeks. That is the longest such stretch since 1970, when the labor market was smaller. The labor market is close to full employment, with the unemployment rate at a near 10-year low of 4.4 percent.

"The number of people still receiving benefits after an initial week of aid tumbled 61,000 to 1.92 million … the lowest level since November 1988.


"The U.S. central bank increased its benchmark overnight interest rate by 25 basis points in March and has forecast two more rate hikes this year. The economy created 211,000 job in April after adding only 79,000 positions in March …"

To read more, click here.

 

 

 

###


Previous post

RNC Releases New Video: “Democrat Hypocrisy On Firing Comey”

Next post

ICYMI: The Democrats aren’t being honest about health care
Republican National Committee

Connect With Us

Republican National Committee
Chairwoman Ronna McDaniel
News & Videos
  • 310 First Street SE, Washington, DC 20003
  • 202-863-8500

By providing your phone number, you are consenting to receive calls and SMS/MMS msgs, including autodialed and automated calls and texts, to that number from the Republican National Committee. Msg&data rates may apply. Terms & conditions/privacy policy apply 80810-info.com.

Paid for by the Republican National Committee. Not Authorized By Any Candidate Or Candidate's Committee. www.gop.com

By providing your phone number, you are consenting to receive calls and SMS/MMS msgs, including autodialed and automated calls and texts, to that number from the Republican National Committee. Msg&data rates may apply. Terms & conditions/privacy policy apply 80810-info.com.

Paid for by the Republican National Committee.
Not Authorized By Any Candidate Or Candidate's Committee. www.gop.com