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The number of American workers receiving unemployment benefits has fallen to its lowest level in 44 years, according to government sources.
The Department of Labor reported that 1.87 million Americans were receiving benefits at the end of December. The number marks the lowest level of applicants since 1973, the Washington Examiner reported.
Department - Labor - Number - Filings - Benefits
The Department of Labor also noted that the largest number of newer filings for benefits came as a result of a destructive hurricane season that caused massive damage to businesses in several southern states and Puerto Rico. But the number of new applications was still amazingly low.
“The ultra-low claims have been among the most encouraging indicators about the economy, reassuring Fed officials that they are on the right track by slowing raising interest rates and withdrawing the stimulus programs they put in place during the recession,” the paper...
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Sorry Mr. Franklin, we couldn't keep it.