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10/19/2017 7:43 am  #1


Fewest Jobless Claims Since 1973 Show Firm U.S. Job Market

Fewest Jobless Claims Since 1973 Show Firm U.S. Job Market

https://www.bloomberg.com/news/articles/2017-10-19/fewest-jobless-claims-since-1973-show-firm-u-s-job-market

Filings for unemployment benefits plunged last week to the lowest level since 1973 as workers affected by hurricanes Harvey and Irma continued to return to their jobs, Labor Department figures showed Thursday.Highlights of Jobless Claims (Week ended Oct. 14)


  • Jobless claims decreased by 22k to 222k (est. 240k), the lowest since March 1973
  • Period included Columbus Day holiday, giving persons one less day to file claims
  • Continuing claims fell by 16k to 1.89m in week ended Oct. 7 (data reported with one-week lag)
  • Four-week average of initial claims, a less-volatile measure than the weekly figure, dropped to 248,250 from 257,750


When angry, count ten before you speak, if very angry, an hundred.
 Thomas Jefferson

 
 

10/19/2017 7:49 am  #2


Re: Fewest Jobless Claims Since 1973 Show Firm U.S. Job Market

Great news. A strong jobs market is part of the legacy of the Obama era.


"On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron.”
 

10/19/2017 9:25 am  #3


Re: Fewest Jobless Claims Since 1973 Show Firm U.S. Job Market

I hope the trend continues, and at the same time we see a rise in worker pay.

 

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