Jobless claims fall to the lowest level since 1969

[Valin]

Washington Examiner

Joseph Lawler

 July 19, 2018

New claims for unemployment benefits fell 8,000 to 207,000 in the second week of July, the Department of Labor reported Thursday morning, the lowest such number since 1969.

Forecasters had expected new jobless claims to edge up to around 220,000. Instead, fewer people sought unemployment insurance than anytime in 48 years.

Thursday's benchmark is especially impressive given that the labor force is twice as large as it was in late 1969.

Then, the unemployment rate was 3.5 percent, Richard Nixon was president, and "Na Na Hey Hey Kiss Him Goodbye" was the top song in the country.

Low claims are a sign of a healthy labor market. They indicate that layoffs are rare and that job creation is strong.

(Snip)

[Draggingtree]

On 7/19/2018 at 7:56 AM, Valin said:

Washington Examiner

Joseph Lawler

 July 19, 2018

New claims for unemployment benefits fell 8,000 to 207,000 in the second week of July, the Department of Labor reported Thursday morning, the lowest such number since 1969.

Forecasters had expected new jobless claims to edge up to around 220,000. Instead, fewer people sought unemployment insurance than anytime in 48 years.

Thursday's benchmark is especially impressive given that the labor force is twice as large as it was in late 1969.

Then, the unemployment rate was 3.5 percent, Richard Nixon was president, and "Na Na Hey Hey Kiss Him Goodbye" was the top song in the country.

Low claims are a sign of a healthy labor market. They indicate that layoffs are rare and that job creation is strong.

(Snip)

Can't be bad news ---"Who's" going to tell them