So less people filed for unemployment claims. Where did these people go; did they find jobs, run out of UC benefits, or just drop off?
Hey don’t cry to me about trying to spin the news, these were the same questions asked when news like this came out under POTUS Barry by Conservative media.
U.S. weekly jobless claims drop; producer prices unexpectedly rise – By Lucinda Mutikani / July 13 2017
The number of Americans filing for unemployment benefits fell last week for the first time in a month and producer prices unexpectedly rose in June, likely keeping the Federal Reserve on track for a third interest rate increase this year.
Persistently low layoffs point to a buoyant labor market that is sustaining economic growth, while the uptick in producer prices suggests a recent moderation in inflation was likely temporary.
Initial claims for state unemployment benefits dropped 3,000 to a seasonally adjusted 247,000 for the week ended July 8, the Labor Department said on Thursday
Claims have now been below 300,000, a threshold associated with a healthy labor market, for 123 straight weeks. That is the longest such stretch since 1970, when the labor market was smaller. The labor market is near full employment, with the jobless rate at 4.4 percent.
Continue to reuters.com article: http://www.reuters.com/article/us-usa-economy-unemployment-idUSKBN19Y1FF
