Unemployment Continues to Fall

Oct 13, 2017

Despite the disruptions created by the disasters caused by the recent hurricanes the claims for unemployment benefits in the United States are the lowest they have been for almost 44 years. This is an indication that layoffs are rare and that new job creation is very strong. It is also a sign that businesses in Texas, Florida, and Louisiana are recovering from the hurricanes faster than expected. In addition, the inflation rate remains low and the stock market continues to be strong. It is hoped that these signs of a strong economy will help convince Congress to move swiftly on tax reform.