October 6, 2016
OBOOMA:
U.S. jobless claims fall to near four-decade low (The Week, 10/06/16)
Only once in the last four decades have there been fewer filings; in April of this year, jobless claims hit 248,000, the lowest mark since 1973. Thursday's report marked the 83rd consecutive week that first-time jobless claims have remained below 300,000, which, Reuters reported, "is seen as indicative of a strong labor market."In more good news, Thursday's report also revealed that continued jobless claims are dropping off. In the week that ended Sept. 24, continued claims fell 6,000 from the previous week to 2.06 million, the lowest level since 2000.
Posted by Orrin Judd at October 6, 2016 9:33 PM