President Trump said he would bring the economy back again and one great sign today is that unemployment claims fell below 1 million for the first time since March.
Claims for the week ending August 8th are at 963,000 beating higher estimates over one million.
According to the US Labor Department:
“Unemployment Insurance Weekly Claims: Initial claims were 963,000 for the week ending 8/8 (-228,000). Insured unemployment was 15,486,000 for the week ending 8/1 (-604,000).”
This great news is triggering stocks to go higher today:
Fox News is reporting:
U.S. equity markets were mixed Thursday morning after initial jobless claims fell below 1 million for the first week since coronavirus lockdowns began in mid-March.
The S&P 500, on the verge of an all-time high after finishing Wednesday’s session less than six points below its record of 3,386.15, fell 0.23 percent. The index’s intraday high is 3,393.52.
All of this great news comes on the heels of Joe Biden and Kamala Harris using the coronavirus devastation to claim that it’s President Trump’s fault the economy has suffered. The video below shows that Harris is a brazen liar who will say anything to be elected. The fact is that President Trump’s economy before the pandemic was fantastic for EVERY American.
WATCH: 'Like everything else he inherited, he ran it straight into the ground’: At her campaign trail debut with Joe Biden, Kamala Harris said Trump plunged a once-strong economy into crisis https://t.co/rxQkECYjL6 pic.twitter.com/X1dO934Dbs
— Reuters India (@ReutersIndia) August 13, 2020
THE TRUTH IS THAT THE TRUMP ECONOMY HAS BEEN RECORD-BREAKING:
Former top Obama-Biden donor Don Peebles admits President Trump’s economy broke records for ALL Americans.
“The first two years of the Trump Administration were almost record-setting economic growth.”
WATCH: Former top Obama-Biden donor Don Peebles admits President Trump's economy broke records for ALL Americans.
"The first two years of the Trump Administration were almost record-setting economic growth." pic.twitter.com/tunBGYd6Uc
— Trump War Room – Text TRUMP to 88022 (@TrumpWarRoom) August 13, 2020
Who can forget where all of the jobs went because of Joe Biden’s policies? It was President Trump who brought back jobs that Obama said would never come back: