U.S. jobless claims drop to near 45-year low

[Formerly Once-Ler]

https://www.reuters.com/article/us-usa-economy/u-s-jobless-claims-drop-to-near-45-year-low-idUSKBN1FS23K?feedType=RSS&feedName=topNews&utm_source=twitter&utm_medium=Social

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, dropping to its lowest level in nearly 45 years as the labor market tightened further, bolstering expectations of faster wage growth this year.

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Initial claims for state unemployment benefits decreased 9,000 to a seasonally adjusted 221,000 for the week ended Feb. 3, the Labor Department said. Claims fell to 216,000 in mid-January, which was the lowest level since January 1973.

Economists polled by Reuters had forecast claims rising to 232,000 in the latest week. Last week marked the 153rd straight week that claims remained below the 300,000 threshold, which is associated with a strong labor market. That is the longest such stretch since 1970, when the labor market was much smaller.

more at link.

[WingNot]

Obama laid the groundwork for this remarkable achievement. 

Take a bow Barack.   Barry?  Bary you out there?  WTH has Bathhouse Barry been?  You would think he was in hiding.