Jobless claims are the lowest since 1973

1 BUSINESS

Business News - Opportunities - Reviews

 

 

Jobless claims are the lowest since 1973 – Oct. 19, 2017

Will Trump reappoint Fed Chair Janet Yellen?

America’s job market is red hot.

Only 222,000 Americans filed jobless claims for the first time last week, the fewest since March 1973.

‘; var storytext = document.getElementById(‘storytext’); var heightToSkip = 0; function resetValues() { totalHeight = 0; targetChildElement = null; }
// Check if story is in the blacklist of articles to remove smartassets // [2017.07.27] Results of a one-off request from r.barbieri if(BLACKLIST[location.pathname] === true) { return } if(storytext == null) { console.log(“Error finding storytext element for SA embed”); return; } for ( i = 0; i 0) { heightToSkip -= storytext.childNodes[i].clientHeight; resetValues(); } else if(heightToSkip minHeight && targetChildElement != null) { //console.log(“total height = ” + totalHeight); //console.log(“childNode = ” + targetChildElement); storytext.childNodes[targetChildElement].insertAdjacentHTML(‘afterend’, smartAssetDiv); smartasset = document.getElementById(‘smartasset-article’); smartasset.style.float = ‘left’; // allows module to have text float to right smartasset.style.marginRight =’20px’; smartasset.style.marginBottom =’25px’; //console.log(storytext.childNodes[targetChildElement]); //SMARTASSET.setDivIndex(targetChildElement); SMARTASSET.setSmartAssetScript(); /* bail out since we’re done */ break; } } /* div with id=”smartassetcontainer”. Sanity check to only embed once */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].id !== “undefined” && storytext.childNodes[i].id === “smartassetcontainer”) { break; } /* div with id=”ie_column” */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].id !== “undefined” && storytext.childNodes[i].id === “ie_column”) { resetValues(); } /* embeds from twitter, facebook, youtube */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].classList.contains(’embed’)) { resetValues(); } /* cnn video player */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].classList.contains(‘cnnplayer’)) { resetValues(); } /* images */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘img’) { resetValues(); } /* images stored in figure tags */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘figure’) { if(storytext.childNodes[i].clientWidth

It’s another sign of a healthy economy. Millions of Americans have been hired in recent years, unemployment is at a 16-year low of 4.2%, and wages might finally be starting to rise meaningfully. Emphasis on “might.”

Related: U.S. unemployment hits lowest level since 2001

The economy did lose 33,000 jobs in September, but that was mostly because of Hurricanes Harvey, Irma and Maria. Job growth is expected to rebound in October and later this fall. Until September, America had added jobs for 83 consecutive months, the longest streak on record.

Claims for unemployment insurance are one of the indicators most watched by economists as a barometer of the job market.

But collecting accurate figures on claims in Puerto Rico, the U.S. Virgin Islands and Florida is more difficult than usual because of the hurricanes. Much of Puerto Rico is still without electricity.

Still, the overall picture is bright. When unemployment peaked at 10% in 2009, shortly after the Great Recession, initial jobless claims were over 650,000.

CNNMoney (New York) First published October 19, 2017: 12:13 PM ET

1 BUSINESS

Business News - Opportunities - Reviews

 

 

Leave a Reply