News and Commentary

TRUMP BOOM: Unemployment Claims Hit Near 50-Year Low

   DailyWire.com

Donald Trump’s presidency may be marred by the seemingly never-ending investigation into alleged Russian collusion, deep state “resistance,” and a hostile media, but his leadership and the Republican control of the House and Senate are helping to spur an undeniable economic boom.

On Thursday, U.S. Labor Department numbers indicated a near 50-year low in workers’ unemployment benefit filings. The Hill reports:

Initial claims for state unemployment benefits fell to a seasonally adjusted 203,000 for the week ending Sept. 1, a drop of 10,000 from the previous week, the lowest level since December 1969, the Labor Department said on Thursday.

The four-week moving average, which is a better indicator of where the job market is headed, was 209,500, a decrease of 2,750 from the previous week, the lowest level for this average since Dec. 6, 1969 when it was 204,500.

The Trump administration ushered in a strong 4.2% GDP (gross domestic product) for the April-June quarter, the fastest rate since 2014’s third quarter, reported Reuters.

There has also been a significant drop in the number of Americans who’ve had their hours cut to part-time or can’t find a full-time job:

Additionally, the national unemployment rate has dropped to just 3.9%, per the Bureau of Labor Statistics. In July, unemployment for Hispanics hit a new record low at 4.5% and Black unemployment hit 5.9% in May, the lowest it’s been since 1972.

Unemployment figures for August are set to drop on Friday.

Create a free account to join the conversation!

Already have an account?

Log in

Got a tip worth investigating?

Your information could be the missing piece to an important story. Submit your tip today and make a difference.

Submit Tip
The Daily Wire   >  Read   >  TRUMP BOOM: Unemployment Claims Hit Near 50-Year Low
Daily Wire Plus
Facts and headlines on the go.
Download the Daily Wire app.
Download on the App StoreGet it on Google Play
Download App QR CodeScan the QR Code to Download
FacebookXInstagramYouTubeRSS
Daily Wire PlusFacts and headlines on the go.
Download the Daily Wire app.
Download on the App StoreGet it on Google Play
© Copyright 2025, The Daily Wire LLC  | Terms | Privacy
Podcast compliance badge