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By My View by Silvio Canto, Jr. (Reporter)
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Jobless claims lowest since Armstrong put that US flag on the moon surface

Thursday, September 6, 2018 8:09

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Remember when Democrats used to say that we should talk about kitchen table issues? Didn’t we hear that when there media reports about the chaos in the Clinton administration? Or the dysfunctional state of the Obama Care website?

My guess is that a lot of kitchen tables are talking about this headline from the US economy:

The number of Americans filing applications for new unemployment benefits fell at the end of August to a nearly five-decade low.

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.

Economists surveyed by The Wall Street Journal expected 211,000 new claims last week.

1969? Wasn’t that the year when Neil Armstrong walked on the moon and planted a US flag?

PS: You can listen to my show (Canto Talk) and follow me on Twitter.

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Source: http://cantotalk.blogspot.com/2018/09/jobless-claims-lowest-since-armstrong.html

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Comments

Total 3 comments

Just me

Jobless claims are only so low because million have been taken off the rolls and millions more are underemployed. The government now sends welfare to over HALF of American households. “Happy days are here again!”. What a crock.

Sep 6, 2018, 8:29 am 0 Reply
- Anonymous
  
  DOWNVOTE This economy is zinging right now. Or, maybe you are writing from Venuzela? Or are you just blind, and you don’t own any stock at all? I can’t believe the amount of new building going on right now in our country. When all else fails, take a look out your front window and check it out.
  
  Sep 6, 2018, 8:45 am 0 Reply
  - Just me
    
    Yes I see the rich getting richer and the middle call getting squeezed out. The only one who are benefiting are the very wealthy and the very poor.
    
    Sep 6, 2018, 9:01 am 0 Reply

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