ADD IN THE DEFEAT OF ISIS...:

The current economic expansion just became the third-longest on record. The economy has been adding jobs every month for more than six years, the longest winning streak since World War II. And the federal budget deficit has sharply declined from a high of 9.8 percent of GDP in the middle of the Great Recession to a manageable 3.2 percent last year.

New claims, a measure of layoffs, have now been below the key 300,000 threshold for 104 straight weeks, according to government data.

The less volatile four-week average of initial claims dropped by 6,250 to 234,250. That's the lowest level since April 1973.

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