Strong jobs numbers too. Don't f' this up America--keep riding the Trump Economic Recovery Train!
U.S. weekly jobless claims fall to 751,000, their lowest level since March
The number of first-time unemployment-benefits filers fell to the lowest level in the pandemic, declining for a second straight week, the Labor Department reported Thursday.
Initial weekly U.S. jobless claims came in at 751,000 for the week ending Oct. 24, down from the previous week’s total of 791,000. It was also the lowest initial claims print since the week of March 14, when they came in at 282,000. Economists polled by Dow Jones expected initial jobless claims to come in at 778,000.
“We had expected that the steep decline we saw in claims last week would be too big to repeat, but downside momentum in claims remains intact,” Thomas Simons, an economist at Jefferies, wrote in a note. “The question going forward is going to be whether a surge in COVID cases and renewed measures aimed at containing the virus will lead to another spike in claims in the coming weeks.”
The number of first-time unemployment claims declined for a second straight week — to the lowest level since Covid shutdowns began in March.
www.cnbc.com