Weekly jobless claims fall to lowest level since 1969
By Sylvan Lane - 04/11/19 09:30 AM EDT
The number of Americans who applied for unemployment benefits fell below 200,000 last week for the first time in nearly 50 years, according to federal data released Thursday.
The Labor Department reported Thursday that 196,000 people applied for unemployment insurance in the week ending April 6, the lowest level for initial jobless claims since October 1969.
In the first week of April, 8,000 fewer Americans filed jobless claims than in the final week of March, when 204,000 unemployed members of the labor force applied for benefits.
April’s sharp drop in jobless claims brought the four-week average of weekly unemployment insurance applications down to 207,000, the lowest level since December 1969.
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https://thehill.com/policy/finance/438407-weekly-jobless-claims-fall-to-lowest-level-since-1969
