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The US economy continued to roar under President Trump and the Republican-controlled Senate in the first quarter of 2019, with new data showing that jobless claims have dropped to levels not seen for more than 49 years.
"The number of Americans filing claims for unemployment benefits dropped to its lowest level for more than 49 years last week, which bodes well for sustained labor market vigor despite slowing growth." ", CNBC reports.
"Initial claims for state unemployment benefits declined from 10,000 to 202,000, seasonally adjusted for the week ended March 30, the lowest level since early December 1969," the Department of Labor's Department of Finance said on Thursday. Work, "adds the article.
The solid economic data comes as a series of Democratic presidential candidates argue for massive new federal spending programs, including the "Green New Deal" of Representative Alexandria Ocasio-Cortez.
Read the full report to CNBC.
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