New unemployment numbers indicate that the economy is strengthening just like President Trump predicted.
New economic numbers show that unemployment claims have fallen below 1 million for the first time since the pandemic began.
According to The Daily Caller:
Around 963,000 Americans filed new unemployment claims last week, marking the first time the figure dropped below 1 million since March, according to the Department of Labor.
The Bureau of Labor Statistics figure released Thursday represented a decrease of 228,000 new jobless claims compared to week that ended Aug. 1. That number also beat Wall Street analysts’ expectations, according to CNBC.
Economists surveyed by Dow Jones estimated the number of jobless claims for the first full week in August to come in at 1.1 million, CNBC reported.
Continuing claims, or those collecting benefits for at least two weeks, numbered 15.5 million. That number represented a decrease of 604,000 from the week before.
BREAKING: U.S. weekly jobless claims total 963,000, vs. 1.1 million expected. https://t.co/73koumdTxO pic.twitter.com/qNJe4ooMDS
— CNBC (@CNBC) August 13, 2020
While the economy is strengthening it still lags behind where we were pre-pandemic as CNBC reported stating that unemployment remains a huge problem for the economy as shutdowns have effected many small businesses.
so it seems like the Democrats don’t want people to go back to work, or run a business, so that they will become dependent upon the government for their health, food, income, etc. They sure don’t care about helping the people with a second stimulus package.
Whatever these power hungry Dems can do to hurt our President. They are EVIL. The Devil recruits well.
It is a spiritual battle.
Trump is a business man with an excellent track record. We would be wise to respect to his judgment.
What about the millions of small business owners like me who aren’t in the statistics or collecting unemployment benefits or any financial assistance?
I don’t get the “extra” $600 a week along with weekly UIB. More power to those who are; who in the hell would want to work when you can get $5K per month on unemplotment benefits?
If everyone would add the millions of other small business owners and sole propriators who are not included you would get a better idea of the employment to unemployment ratio.
I am a small business owner. Where is my relief? I pay employment taxes and more taxes.
What you say is true Not all people are counted for whatever the reason is. But it is the way we have counted who is working and who’s not for the last 80 plus years. Both side will use these number to prove or disprove a fact. It all depends what you as a party want to prove. Like Obama had his unemployment rates drop over the years which the democrats brag about, but never added the ones that drop out of the workforce not looking for work anymore.
The $600.00 per week extra expired already, and Trump’s new order only provides $300.00 from the federal government to those states which choose to participate.
My neighbors, (mom & son) went out and bought not one but two new pickups, and a four wheeler. They are still drawing the money, even though one of them has gone back to work. She kept her old pickup for work.
Demoroids and RINO’S Are EVIL. Their demonic souls requires them to attack every chance they get. The only requirement is they must be stupid. A smart person can not be evil.
Crap I was hoping the article would have said all DemonRatz will leave the country and live in China so they can enjoy all the freedoms that they are missing here
As Biden holes up in his basement..Trump is bringing the economy back to life…just like he promised he would
With open borders, increased taxes, Medicaid for illegals…Biden would plunge US into a depression
Vote to keep the Trump Economy going…he did it before and is on his way to do it again.
Trump 2020.
No pork for the demonrats. They want the economy closed down until the election. Won’t work Trump expected to win. MAGA 2020 KAG