New Report: Jobless Claims Continue to Drop—Approaching a 49 Year Low

Washington, D.C. (August 23, 2018)—A new report released today by the Department of Labor is yet more proof that the robust economy—brought on in part by the tax cuts legislation—is leading to more opportunity for hard working Americans, says the Job Creators Network (JCN). The new data reveals that 2,000 fewer Americans are filing for first-time unemployment benefits compared to the previous week—the third straight weekly decline and a level nearing a 49-year low.

“The marathon of exceptional economic news continues this week as more Americans are able to find a job, rather than file for unemployment,” says Alfredo Ortiz, JCN President and CEO. “The booming economy is providing more employment opportunities for hardworking Americans so that they can pursue meaningful careers and achieve the American Dream.”

The news comes as another major economic milestone was hit earlier this week. The rise in U.S. stocks is now the longest bull market run on record—a rally that began in 2009.

“To continue this progress, it’s important to ensure that new fiscal policies that have allowed businesses to grow and innovate are kept in place—which means extending many of the provisions included in the Tax Cuts and Jobs Act past the expiration date of 2025.”