Jobless claims tumble to 166,000, lowest level since 1968

[tres borrachos]

More excellent news that should make all Americans happy.

The number of Americans filing for unemployment benefits last week tumbled to the lowest level in more than half a century, the latest evidence of an increasingly tight labor market.

Figures released Thursday by the Labor Department show that applications for the week ended April 2 dropped to 166,000 from the revised 171,000 a week earlier, easily beating the 200,000 forecast by Refinitiv analysts. It marked the lowest level for jobless claims since Nov. 30, 1968.

More here:

https://www.msn.com/en-us/money/car...pc=U531&cvid=5a7c2759aed64661bd4d6e735062071c

 

[Chainsawmassacre]

More excellent news that should make all Americans happy.

The number of Americans filing for unemployment benefits last week tumbled to the lowest level in more than half a century, the latest evidence of an increasingly tight labor market.

Figures released Thursday by the Labor Department show that applications for the week ended April 2 dropped to 166,000 from the revised 171,000 a week earlier, easily beating the 200,000 forecast by Refinitiv analysts. It marked the lowest level for jobless claims since Nov. 30, 1968.

More here:

https://www.msn.com/en-us/money/car...pc=U531&cvid=5a7c2759aed64661bd4d6e735062071c

I'm not sure why so many people have decided to quit working and why so many positions remain unfilled but these gas prices could be part of the equation. Filling up for a regular commute cuts deeply into the bottom line of these low wage service industry positions.

 

[tres borrachos]

I'm not sure why so many people have decided to quit working and why so many positions remain unfilled but these gas prices could be part of the equation. Filling up for a regular commute cuts deeply into the bottom line of these low wage service industry positions.

You don't know why? It's called Baby Boom. Those born at the end of it (like me) are turning 60 this year.

Gas prices have nothing to do with it.

 

[Chainsawmassacre]

You don't know why? It's called Baby Boom. Those born at the end of it (like me) are turning 60 this year.

Gas prices have nothing to do with it.

Most old people don't retire from low wage service industry jobs so that doesn't fly.

 

[bluesmoke]

It's quite obvious the Rep/cons have been right all along. The rise in employment and drop in filing for unemployment benefits is all the fault of Biden.

 

[tres borrachos]

Most old people don't retire from low wage service industry jobs so that doesn't fly.

Huh? What does that mean?

"Old people"? I'm 60. Most Baby Boomers are retiring or have retired. You can Google Baby Boomer since you don't know what one is.

rejoice in this good news. I know you can do it.

 

[ttwtt78640]

Most old people don't retire from low wage service industry jobs so that doesn't fly.

Most people don’t work in low wage service industry jobs. Job openings created by retiring ‘boomers’ allow others to fill those positions (or the positions of others who moved into them).

 

[Chainsawmassacre]

Most people don’t work in low wage service industry jobs. Job openings created by retiring ‘boomers’ allow others to fill those positions (or the positions of others who moved into them).

A young burger flipper isn't qualified to move into a retiring executives position.

 

[Chainsawmassacre]

Huh? What does that mean?

"Old people"? I'm 60. Most Baby Boomers are retiring or have retired. You can Google Baby Boomer since you don't know what one is.

rejoice in this good news. I know you can do it.

Do you have a point?

 

[ttwtt78640]

A young burger flipper isn't qualified to move into a retiring executives position.

True, but as those higher up move out (retire), those below them move up (get promoted). The ripple effect of that creates openings for lower (but above burger flipping) level jobs.

 

[Tbird19482]

A young burger flipper isn't qualified to move into a retiring executives position.

and there is NOBODY in between those two positions that can move up while others behind them move up too?
Have a nice day

 

[Chainsawmassacre]

True, but as those higher up move out (retire), those below them move up (get promoted). The ripple effect of that creates openings for lower (but above burger flipping) level jobs.

So where are the entry level no skill applicants for the burger flipping jobs. Moms basement? Posting in here all day?

 

[ttwtt78640]

So where are the entry level no skill applicants for the burger flipping jobs. Moms basement? Posting in here all day?

Coming across our southern border daily.

 

[Chainsawmassacre]

Coming across our southern border daily.

Can illegals work now?I
How do you say hold the pickles in Spanish. LOL

 

[Chomsky]

More excellent news that should make all Americans happy.

The number of Americans filing for unemployment benefits last week tumbled to the lowest level in more than half a century, the latest evidence of an increasingly tight labor market.

Figures released Thursday by the Labor Department show that applications for the week ended April 2 dropped to 166,000 from the revised 171,000 a week earlier, easily beating the 200,000 forecast by Refinitiv analysts. It marked the lowest level for jobless claims since Nov. 30, 1968.

More here:

https://www.msn.com/en-us/money/car...pc=U531&cvid=5a7c2759aed64661bd4d6e735062071c

If Ol' Joe can get inflation tamed, he'll be presiding over the best economy of our lifetimes.

But let's not kid ourselves; inflation currently is the biggest sentiment component, and it a huge drag on him.

 

[Chomsky]

So where are the entry level no skill applicants for the burger flipping jobs. Moms basement? Posting in here all day?

There's basically none left!

Employment is "full". 3.6% 'unemployment' means 'full' employment. This is what happens. It's why unemployment claims are next to nothing; we're at full employment!

If you're so concerned for wanting those jobs filled, you'll need to lobby your Congress-Critter to open-up more immigration. That's the only way, at this point.

[FWIW - Right now my local Mickey-Dee's has a window sign offering $17-22 an hour to start, flexible hours, tuition re-imbursement, and a $500 hiring bonus paid after one month of service. Amazing!]

 

[ttwtt78640]

Can illegals work now?I
How do you say hold the pickles in Spanish. LOL

Nope, but those claiming (applying for) asylum can. While it used to be automatic (immediate?), it now takes a while.

How to Get a Work Permit for Asylum Applicants?

Obtaining a work permit as an asylum seeker isn't difficult & is sometimes even unnecessary. Find out from our experts if you need a work permit as an asylee.

www.fileright.com

 

[tres borrachos]

Do you have a point?

Yes. My point is you asked a stupid question that the rest of the world knew the answer to.

You can't say anything positive about this, can you? Positive comments about the economy under a Democratic President are verboten in the cult.

 

[tres borrachos]

If Ol' Joe can get inflation tamed, he'll be presiding over the best economy of our lifetimes.

But let's not kid ourselves; inflation currently is the biggest sentiment component, and it a huge drag on him.

Yes, absolutely. But the smart people know why inflation exists all over the world, and the POTUS Is not responsible for worldwide inflation. Which is why the smart people don't blame Joe Biden for it.

 

[Chainsawmassacre]

Can illegals work now?

Yes. My point is you asked a stupid question that the rest of the world knew the answer to.

You can't say anything positive about this, can you? Positive comments about the economy under a Democratic President are verboten in the cult.

Biden did nothing but slow the natural comeback of the economy once businesses were allowed to reopen.

 

[poweRob]

Coming across our southern border daily.

Give them work visas and put them in the tax base.

 

[poweRob]

More excellent news that should make all Americans happy.

The number of Americans filing for unemployment benefits last week tumbled to the lowest level in more than half a century, the latest evidence of an increasingly tight labor market.

Figures released Thursday by the Labor Department show that applications for the week ended April 2 dropped to 166,000 from the revised 171,000 a week earlier, easily beating the 200,000 forecast by Refinitiv analysts. It marked the lowest level for jobless claims since Nov. 30, 1968.

More here:

https://www.msn.com/en-us/money/car...pc=U531&cvid=5a7c2759aed64661bd4d6e735062071c

Queue conservative to come tell us how bad this is for Biden and America.

 

[tres borrachos]

Biden did nothing but slow the natural comeback of the economy once businesses were allowed to reopen.

Of course. I was right. Can't say anything good.

Is it painful to root for America to fail?

 

[ttwtt78640]

Give them work visas and put them in the tax base.

That is likely happening.

How to Get a Work Permit for Asylum Applicants?

Obtaining a work permit as an asylum seeker isn't difficult & is sometimes even unnecessary. Find out from our experts if you need a work permit as an asylee.

www.fileright.com

 

[CaughtInThe]

Huh? What does that mean?

"Old people"? I'm 60. Most Baby Boomers are retiring or have retired. You can Google Baby Boomer since you don't know what one is.

i think he had to respond so quickly that he didn't think it through.