Fewer people are on unemployment benefits than anytime in 44 years

President Donald TRump has this country rockin and he did it in less than a year and half, talk about success

Fewer people were receiving unemployment benefits in the beginning of June than at anytime in the past 44 years, the Department of Labor reported Thursday.

Altogether, 1.7 million people received benefits during the week, the fewest since December of 1973, when Richard Nixon was president and there were far fewer workers at risk of losing their jobs.

Unemployment insurance is available for up to 26 weeks in most states. The total numbers of people receiving benefits have repeatedly hit multigenerational lows in recent months.


As for first-time claims, Thursday's report showed that new claims for unemployment insurance benefits fell 4,000 to 218,000 in the first full week of June.


Forecasters had expected jobless claims to inch up to 225,000, staying near the very low levels that have accompanied the lowest unemployment levels in a generation.

Low claims are a sign that there are few layoffs, and accordingly that job creation is going to remain strong.


https://www.washingtonexaminer.com/p...me-in-44-years

Low rates could also mean more people using up their benefits, however, based on current economic growth it is more likely people obtaining employment.

There are always people between jobs as well.