|
US jobless benefits claims hit lowest since 1969
[DAWN] Claims for jobless benefits last week sank to the lowest level in nearly 50 years, signalling continued strength of the US labour market despite a slowing economy, according to data released on Thursday.The decline came despite a spike in US government workers filing for unemployment benefits amid the longest government shutdown in history. The sudden drop in claims also marked a recovery from increased layoffs following the back-to-back natural disasters of late 2018 and pointed to another strong month of job creation in January. For the week ending January 19, first-time claims for unemployment insurance fell by 13,000, sinking below the 200,000 threshold to 199,000 ‐ the lowest since November 15, 1969, the Labor Department reported. The four-week moving average also fell by 5,500 to 215,000. Posted by: Fred 2019-01-25 |
| http://www.rantburg.com/poparticle.php?ID=532759 |