As you know, the economy has been booming under President Trump (to the surprise of absolutely no-one who voted for him)
All 3 of the market indices are at all-time highs.
The S&P 500 is staying strong above 2,500
The NASDAQ just cracked 6,600
And the Dow Jones is just 200 points away from eclipsing the 23,000 mark.
On top of all of this smashing economic success, unemployment claims just dropped to a 43 year LOW!
Here’s more from the Washington Examiner:
The total number of laid-off workers receiving unemployment benefits fell to 1.89 million at the end of September, the Department of Labor reported Thursday, the lowest such mark in nearly 44 years. And new claims for unemployment benefits dropped 15,000 to 243,000 in the first full week of October, according to the agency, as the job market bounces back from hurricane damage even faster than forecasters expected. Low new jobless claims are a good sign. They indicate that layoffs are rare, and accordingly that job creation is strong. Unemployment benefits are available for up to 26 weeks in most states. Fewer people are now receiving benefits of all duration than at any time since December of 1973, when the total workforce was much smaller. That is a reflection of the strength of the jobs market, and the availability of new positions for laid-off workers. Prior to the landfall of Hurricanes Harvey, Irma, and Maria, claims had been running at ultra-low rates. With Texas and Florida now recovering, new claims again appear to be sinking to levels that indicate robust job creation. First-time claims in the states most affected by the storms are still high, but have fallen in recent weeks.
In short, the United States economy is BOOMING folks!
Are you proud of our President for doing such a great job? Comment below…