CHART OF THE WEEK

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.

LAST WEEK

JEC Releases

The Potential for Health Care Savings (JEC Study)

November 2018 Jobs Review

News & Commentary

Workers’ Pay, Not Just Benefits, Rises in Tight Labor Market (Wall Street Journal)

U.S. consumer spending strengthening in boost to economy (Reuters)

Recession in 2019? Not unless inflation forecast is bungled (MarketWatch)

Economic growth will top 3% again next year, Trump advisor Hassett says (CNBC)