Jobless Claims at 49-Year Low in Booming Trump Economy: Sherrod Brown Calls it ‘Immoral’

Sherrod Brown

When it comes to the economy, Sen. Sherrod Brown (D-OH) displays a strange sense of morality — a symptom, his opponent reminds us, of someone who has been in Washington too long.

All of the recent economic data shows people of both genders, all races and backgrounds, are going back to work in droves. They are making more money and they are able to keep more of it, thanks to tax cuts passed by Congress and signed into law by President Donald Trump.

The average middle-class Ohio household will keep an additional $2,200 this year.

Meanwhile, weekly jobless claims in the United States fell to the lowest point since November 1969. This is yet another example of the positive impact Republican policies are having throughout the country and the Buckeye State.

Andrew J. Kidd, Ph.D., an economist with The Buckeye Institute’s Economic Research Center, commented on newly released employment data from the Ohio Department of Job and Family Services.

“Although the unemployment rate remained the same (in Ohio) in August at 4.6 percent — and still lags behind the nation at 3.9 percent — Ohio did add 9,400 private sector jobs.

It was also reported this week that the economy is growing at an adjusted rate of 4.2 percent. No president since John F. Kennedy has presided over an average growth rate of more than 4 percent, and Obama’s average rate was a pitiful 1.5 percent (see stats for all presidents here).

But all this positive economic news is a perverse thing in the eyes of Sherrod Brown. In fact, he sees it as “immoral.”

Brown is running for re-election to a third term in the U.S. Senate. He has been in Congress for 25 years, too long according to his opponent, Rep. Jim Renacci (R-OH-16), who has often referred to Brown as a “career politician” who’s lost touch with reality.

Brown talks about a “living wage” but wages are also on the upswing under Trump after lagging under the past two administrations of Bush and Obama.

Yet, Brown’s bizarre dislike for economic prosperity is still not widely known by Ohio voters, as recent polls show him with a 10-point lead over Renacci less than seven weeks before Election Day.

Blaine Kelly, communications director for the Ohio Republican Party, had this to say:

“The Republican tax cuts have led to generational low unemployment, the largest wage increase since the Great Recession, and more take-home pay for Ohio families. Sherrod Brown and other top Democrats want to reverse this by raising taxes and implementing Medicare for all, which we know would cost $43 Trillion and bankrupt Medicare for our seniors. That’s immoral.”

Mandi Merritt, spokeswoman for the Republican National Committee, was equally perplexed by Brown’s blind partisanship with regard to the economy. She said:

“Instead of supporting this unprecedented level of economic success, Sherrod Brown continues to fight against the GOP tax cuts that are bettering the lives of Ohioans, just yesterday calling Republican policies immoral.’  But the booming economy​ says otherwise, and Ohio is back to work.”

“Ohioans can’t afford to send Brown back to Washington where he’ll lead the resist and obstruct movement against President Trump’s agenda. Ohioans deserve economic leaders like Jim Renacci who will continue the fight to grow the economy and create more good-paying jobs for Ohio families.”

Consider the following recent data, reported by CNBC:

Initial claims for state unemployment benefits fell by 3,000 to a seasonally adjusted level of 201,000 for the week ended Sept. 15, the Labor Department said on Thursday. That is the lowest level since November 1969.

Economists polled by Reuters were surprised by the number of new jobs created. They had forecast jobless claims to rise by 210,000 in the latest week.

The Labor Department said only claims for Hawaii were estimated last week. The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, declined by 2,250 to 205,750 last week, the lowest level since December 1969.

The labor market is viewed as being near or at full employment. It continues to strengthen, with nonfarm payrolls increasing by 201,000 jobs in August and annual wage growth notching its biggest gain in more than nine years. Job openings hit an all-time high of 6.9 million in July.”

But for Sherrod Brown, putting more people back to work and letting them keep more of their hard-earned cash is immoral.

Anthony Accardi is a writer and reporter for The Ohio Star.

 

 

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