The number of new applications for unemployment benefits unexpectedly fell to its lowest level compared to January of 1973. This means that the US economy shows growth, and businesses and organizations increase the number of staff.
As shown by statistics, the number of applications for unemployment benefits was 12 thousand less than previously estimated. There was a total of 215 million, while the planned number in the amount of 227 thousand If we take Americans continuing to receive unemployment benefits, their number increased by 35 thousand to 1.87 million people.
Experts have said that with the growth of employment in the labour market there is a shortage of qualified employees, which employers are forced to stay for less experienced staff. In General, if the number of applications for unemployment benefits does not exceed 300 thousand, it is a positive indicator for the labor market.
In addition, previously published data showing that consumer income in the U.S. increased in February 2018 on the $67,3 billion, or 0.4%, compared with January, the cost — at $27.7 billion, or 0.2%. These figures coincided with forecasts of economists.
We will remind that in February the number of jobs in the United States increased by 313 thousand. The average hourly wages grew 2.6 percent per year. The US President is confident that the Law on tax reform of the United States, signed in December, will act as a catalyst for economic growth, will increase the number of jobs and increase wages.
JOBS, JOBS, JOBS! Unemployment claims have fallen to a 45-year low. Together, we are making the economy great again! https://t.co/pN2TE5HDQm
— Donald J. Trump (@realDonaldTrump) March 29, 2018
