Trump Adds Another Accomplishment to His Economic Trophy Case as Jobless Claims Hit a 49-Year Low

Joshua Roberts/Reuters

In the last week of March, unemployment claims hit the lowest point in nearly half a century, according to the latest report from the Department of Labor. The report showed that initial jobless claims dropped 10,000 from the week before, totaling 202,000 claims — the lowest that number has been since December 6, 1969.

While the 49-year record is an impressive feat in itself, the Department of Labor noted that the population and workforce were much smaller in the late ’60s than it currently is, making the numbers that much more outstanding.

Several Republicans took to Twitter to run a victory lap after seeing the stellar report, with many pointing to the policies implemented by President Donald Trump as key in lowering joblessness in the U.S.

This is just one of many economic successes the country has seen under the Trump administration. Since he has taken office, the U.S. has seen record-low unemployment rates for women as well as Hispanic and black Americans. The U.S. GDP growth has averaged 3 percent in both 2017 and 2018, with quarterly growth reaching as high as 4.2 percent.

Additionally, Americans have seen the return of manufacturing jobs and a boost in consumer confidence throughout the country.

As IJR recently reported, the 2019 Economic Report of the President found that one in three new hires were workers who were previously on the economic sidelines and were not even included in unemployment data prior to their entry into the job market.

White House Council of Economic Advisers Chairman Kevin Hassett claimed that pulling workers back into the economy is “one of the real, great accomplishments” of Trump’s presidency:

“That’s one of the best news stories that I can remember in the economy going all the way back into the ’90s. In the most recent data, in a typical month, 73 percent of the people who get a job […] come from off the sidelines. And when we came into the White House, everybody said, ‘You can’t grow more than 1 [percent] because you’re never going to find the workers because all those people are stuck on the sidelines.’ Reconnecting those people to fulfillment and work and self-sufficiency is one of the real, great accomplishments of this economy and this president.”

Trump will likely use these continued achievements as the cornerstone of his re-election bid in 2020, as more than a dozen Democrats hope to take him out of the Oval Office.

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James
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WHAT? Illegitimate #44 – Barry Hussein S – hasn’t taken credit for this Trump accomplishment yet?

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