MAGAnomic Report: Weekly Jobless Claims Reach Lowest Point in 50 years… #TopNews
This is a rather remarkable statistic [Technical Data Here] Weekly unemployment claims dropped to 202,000 for the week ending March 30th. That’s the lowest level of jobless claims since December 1959. More people are working today than ever in U.S. history. [The DOL jobless claims statistic is not connected to the unemployment rate; the BLS unemployment report for March will be announced tomorrow morning.]
(Via CNBC) The number of Americans filing applications for unemployment benefits dropped to a more than 49-year low last week, pointing to sustained labor market strength despite slowing economic growth.
Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 202,000 for the week ended March 30, the lowest level since early December 1969, the Labor Department said on Thursday.
Data for the prior week was revised to show 1,000 more applications received than previously reported. Economists polled by Reuters had forecast claims rising to 216,000 in the latest week. (read more)
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