Trump Effect

Trump Effect Has One Economic Metric at a 49 Year Low!

The left’s insistence that our nation is quickly devolving into some sort of Hellish wasteland of conservatism-run-amok is erroneous, at the very least, and dangerous at its most vicious.

We have been inundated with theories about how the presidency of Donald Trump is going to be the end of the nation as we know it.  The mainstream media has involved themselves in the nonsense aw well, pushing the idea of a “New Civil War” over and over again, as if they were tempting their “resistance” rapscallions to go ahead and make the first move.

If we’re being honest, they already have in the case of James T. Hodgkinson.

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Yet even the democratic dunces of our nation can’t deny that the President has brought with him a booming economy, thanks to this assumed role as CEO in Chief.  Today, another bit of evidence has emerged to bolster this reality as well.

The number of Americans filing applications for new unemployment benefits fell at the end of August to a nearly five-decade low.

Initial jobless claims, a proxy for layoffs across the U.S., declined to a seasonally adjusted 203,000 in the last week of August, the Labor Department said Thursday. This is the lowest level of unemployment benefit applications since the end of 1969. Though data can be volatile from week to week, the four-week moving average of claims, a steadier measure, also fell to a 49-year low, signaling overwhelming tightness in the U.S. labor market.

Jobless claims have remained low in recent years, as the labor market continues to strengthen and managers face difficulty finding qualified employees. U.S. employers added 157,000 jobs and the unemployment rate fell back to 3.9% in July, hovering near the lowest level since April 2000, according to the Labor Department’s latest jobs report. Meanwhile, the number of open jobs this spring exceeded the number of unemployed Americans seeking work for the first time in records going back to 2000.

We have been radically accumulating evidence of the so-called “Trump Effect over the course of the last two years, with the President himself boasting at times about this economic success.

Still, the left rages, believing wholeheartedly that Donald Trump’s mere presence in the Oval Office is somehow going to bring about the modern equivalent of the dark ages.

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