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| Economy |
| US jobless benefits claims hit lowest since 1969 |
| 2019-01-25 |
| [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 |
| #2 So if Trump puts 800,000 people back to work next week, does that influence unemployment numbers? |
| Posted by: Bobby 2019-01-25 23:10 |
| #1 Don't worry, with the recent legislation in Kalifornia, etc. number of jobs will drop. |
| Posted by: g(r)omgoru 2019-01-25 01:19 |