Thursday, March 02, 2017

#TrumpSpring: Jobless claims lowest in over 40 years

Trump Spring continues to blossom.

From Fox Business:
The number of Americans applying for unemployment benefits fell to the lowest level in 44 years last week, more evidence of a healthy labor market.

Initial jobless claims, a proxy for layoffs across the U.S., fell by 19,000 to a seasonally adjusted 223,000 in the week ended Feb. 25, the Labor Department said Thursday.

Economists surveyed by The Wall Street Journal had expected 245,000 new claims last week. Claims for the week ended Feb. 18 were revised down to 242,000 from 244,000.

Data on unemployment applications can be volatile from week to week. A more stable measure, the four-week moving average, dropped by 6,250 last week to 234,250. That was the lowest level since April 1973.

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