Under President Trump, there are reportedly less workers receiving unemployment insurance than the U.S. has seen in 44 years, according to The Daily Caller.
Per the Department of Labor on Thursday, 1.87 million people received received unemployment benefits—the lowest that number has been since 1973.
Check it out:
The advance seasonally adjusted insured unemployment rate was 1.3 percent for at the end of January.
The number is a positive sign for the economy.
The total number of people claiming unemployment benefits in the U.S. has continued to decline since President Donald Trump took office. During the last week of April 2017, 1.9 million people received unemployment insurance benefits.
Unemployment benefits are available for up to 26 weeks in most states and pay eligible workers up to $450 per week.
Even the Washington Post had to concede last month that, in fact, Trump’s economy has looked “very, very good” since he took office one year ago.
With those numbers in hand, we can now compare Trump’s first year in office to his predecessors’. And in that comparison, Trump comes out looking pretty good.
Relative to the figure from January in each president’s first year in office (excluding those presidents who took office after a death or resignation), Trump saw one of the biggest percentage-point drops in the unemployment rate.
The only presidents with larger drops were Bill Clinton in 1993 (a decline of 0.8 points) and Jimmy Carter in 1977 (down 1.1). Both of those presidents, though, ended their first years with much higher unemployment rates, both over 6 percent.
The article goes on to point out that while President Obama saw a surge in unemployment his first year in office, President Trump’s has been consistently good from the start.
For example, in the number of jobs created or lost over the year: Under Trump, there were 1.8 million more people working in December than in January. Under Obama, 4.3 million fewer.
Trump will certainly be pleased by two other first-year comparisons. Between January and December of last year, the country added 184,000 manufacturing jobs, the third-most of the presidents for whom data is available after Carter and John Kennedy.
The number of federal government jobs declined over the first 11 months of Trump’s presidency; they rose during Obama’s first year in part thanks to the 2010 Census.
Many proponents of smaller government view the loss of federal government jobs as a good thing for Trump’s presidency: it’s a sign that many would say indicates his administration is cutting costs, streamlining, and working to eliminate some of the bloat in Washington.
President Trump tweeted about the nation’s economic growth on Thursday.
“In new Quinnipiac Poll, 66% of people feel the economy is “Excellent or Good.” That is the highest number ever recorded by this poll,” the president said.
Here’s the tweet:
In new Quinnipiac Poll, 66% of people feel the economy is “Excellent or Good.” That is the highest number ever recorded by this poll.
— Donald J. Trump (@realDonaldTrump) 11. јануар 2018.