Americans Receiving Unemployment Benefit Hits 44-Year-Low

Fact checked by The People's Voice Community
Less than 12 months into Trump's presidency, the number of Americans on unemployment benefits has fallen to its lowest level in 44 years.

Less than twelve months into Trump’s first term in office, the number of Americans receiving unemployment benefits has fallen to its lowest level in four decades, 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.

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 remarkably low.

FIXING THE OBAMA ECONOMIC DISASTER

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 reported.

Breitbart report: The U.S. Bureau of Labor Statistics also reported last week that the economy added 148,000 jobs in December and noted that the unemployment rate remains at 4.1 percent.

Indeed, many companies were in a rush to outdo each other by offering raises and year-end bonuses on the heels of the passage of President Donald Trump’s tax reform bill.

More than 100 American companies gave employees bonuses after Trump signed the Tax Cuts and Jobs Act. Several corporations, such as AT&T, Comcast, and Nationwide, also increased their 401(k) matching rate, raised their minimum wages, and increased domestic investment based on their enthusiasm with the Republican tax bill.

The latest company to offer greater benefits to employees is retail giant Walmart, which announced a one-time bonus, higher wages, and other new benefits to its 2.1 million employees.

Sean Adl-Tabatabai
About Sean Adl-Tabatabai 17871 Articles
Having cut his teeth in the mainstream media, including stints at the BBC, Sean witnessed the corruption within the system and developed a burning desire to expose the secrets that protect the elite and allow them to continue waging war on humanity. Disturbed by the agenda of the elites and dissatisfied with the alternative media, Sean decided it was time to shake things up. Knight of Joseon (https://joseon.com)