Breitbart is reporting today that the Labor Department has stated that initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 207,000 for the week ending September 29th.
The article reports on the impact of Hurricane Florence:
Hurricane Florence, which hit North Carolina and South Carolina last month, affected claims, according to the Labor Department. The largest increases in initial claims for the week ending September 22 was in North Carolina. Claims in South Caroline rose by 2,830, the third largest rise behind Kentucky.
The article concludes:
Jobless claims, which are a proxy for layoffs, have been closely watched for signs that trade disputes would be a drag on the labor market. Earlier this year, economists predicted that the steel and aluminum tariffs imposed by the Trump administration would cost 400,000 jobs. That prediction now looks way too pessimistic.
The jobless claims data has no impact on the monthly employment report, which is scheduled for release on Friday. Bloomberg’s survey of economists sees nonfarm payrolls likely increased by 18o,000 in September after rising 201,000 in August. The unemployment rate is expected to fall one-tenth of a percentage point to 3.8 percent, an 18-year low first hit in May.
President Trump may not be the perfect role model for your son, but it is obvious that he is a very savvy businessman who is working for the benefit of all Americans. I hope all Americans will vote next month to elect people who will support his policies. His economic policies are obviously working.