WEEKLY ECONOMIC UPDATE
CHART OF THE WEEK
Jobless Claims Plunge in Strong Jobs Market
Despite a recent uptick, the number of people filing claims for unemployment insurance plunged by 27,000 last week, resuming its downward trend. It remains near lows not seen since the late 1960s. Along with accelerating wage growth and a record number of job openings, this indicates workers are reaping the benefits of pro-growth tax and regulatory reforms.
The Potential for Health Care Savings (JEC Study)
News & Commentary
Workers’ Pay, Not Just Benefits, Rises in Tight Labor Market (Wall Street Journal)