US unemployment claims fall to lowest level in 43 years

US unemployment claims fall to lowest level in 43 years, by Joseph Lawler.

The total number of laid-off workers receiving unemployment benefits fell to 1.89 million at the end of September, the Department of Labor reported Thursday, the lowest such mark in nearly 44 years. …

Unemployment benefits are available for up to 26 weeks in most states. Fewer people are now receiving benefits of all duration than at any time since December of 1973, when the total workforce was much smaller.

Unemployment numbers are dodgy, especially with comparison from decades past when bureaucratic processes were less slanted to lower the reported number. Nonetheless, this is unambiguously good news.

Trump is claiming some credit, citing a reduction in regulations and an increase in confidence now that the socialist community organizer isn’t at the top.