1.9 Million New Jobless Claims this Week
The U.S. Department of Labor reported Thursday that about 1.9 million new jobless claims were filed over the past week.
The latest data showed a roughly 249,000 decrease in claims from the previous week’s numbers, showing that 1,877,000 new jobless claims were filed in the week ending May 30. Data from the previous week showed roughly a 323,000 decrease in claims from the prior week’s numbers.
The total number of people in the United States who claimed benefits in all programs for the week ending May 16 was about 29 million, which was 991,744 fewer claims than the week before.
The Trump administration has focused in on unemployment and economic recovery: President Donald Trump signed an executive order in early May that orders agencies to find and pause any regulations that are crippling job growth.
“Typically when our country has faced a crisis, Washington responds by grabbing more power,” acting Office of Management and Budget (OMB) Director Russ Vought told the Daily Caller of the order in May. “President Trump understands that to get the economy moving, the power needs to be given back to the people and entrepreneurs.”
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