January 11, 2018
The number of workers receiving unemployment benefits falls to its lowest level in 44 years.
The Department of Labor released a report Thursday showing 1.9 million people received unemployment insurance benefits in the last week of 2017, which is the lowest since December 1973.
The labor market is near full employment with the jobless rate at a 17 year low.
In a tweet, the president credited the passage of tax reform as the reason why jobless claims fell to a record low.
The figures are reassuring to federal reserve officials who are looking to slowly raise interest rates.