The number of Americans filing for unemployment benefits has fallen to its lowest level in more than 50 years. This week’s new jobless claims dropped to the fewest since September 1969. Matt Ott for The Associated Press:
With more Americans employed (and often seeing wage gains in a tight labor market), people have more disposable income and confidence to buy items like iPhones, Macs, AirPods, Apple Watches, and services (App Store, Apple Music, iCloud, etc.). Apple’s revenue is heavily driven by American consumer demand. Very low jobless claims signal a healthy American economy, which boosts Apple’s largest market. Historically, Apple’s sales and stock tend to perform well during periods of low American unemployment and economic expansion. Businesses are also more willing to invest in Apple devices, Macs, iPhones, and iPads for employees, and enterprise services (Apple Business) when the economy is strong. In short, low unemployment means more people with jobs and money which improves the likelihood they’ll buy Apple products. This is especially positive for Apple as a premium brand that benefits from a prosperous consumer base. Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post U.S. weekly jobless claims plunge to lowest level in more than 50 years appeared first on MacDailyNews. Invite your friends and earn rewards
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