Originally published at: GREAT AGAIN: American Unemployment Claims Fall to Lowest Level in 50 YEARS | Sean Hannity
The number of Americans filing unemployment claims continued to plummet in early April, with new data showing applications dropping to levels not seen since October 1969.
“The number of Americans filing applications for unemployment benefits dropped to a 49-1/2-year low last week, pointing to sustained labor market strength that could temper expectations of a sharp slowdown in economic growth,” reports CNBC.
“Initial claims for state unemployment benefits fell 8,000 to a seasonally adjusted 196,000 for the week ended April 6, the lowest level since early October 1969,” adds the report.
The strong economic data comes as progressive Democrats -including Rep. Ocasio-Cortez and Sen. Bernie Sanders- vow to repeal President Trump’s tax cuts heading into the 2020 election.
Read the full report here.
