Jobless Claims Unexpectedly Fall to Near Lowest Level in 45 Years

Fewer Americans than expected filed for unemployment benefits last week, pushing jobless claims down to their lowest level in nearly 45 years.

Initial claims for unemployment benefits fell by 9,000 to a seasonally adjusted 221,0000, the Labor market said Thursday. That put jobless claims near that 216,000 level hit in January, the lowest level since January 1973.

Economists had been forecasting a rise in claims to 232,000.

The four week moving average of claims, which is a more stable measure of employment, also fell. It declined by 10,000 to 224,500, the lowest level since March 1973. full story

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About Rhett October 1056 Articles
Rhett October is a man independent of the nanny state. He sees what is obvious but to many others is a successful deception. He has a crush on Tomi Lahren. Follow him on Twitter @RhettOctober "After this, there is no turning back. You take the blue pill—the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill—you stay in Wonderland, and I show you how deep the rabbit hole goes. Remember: all I'm offering is the truth. Nothing more." -Morpheus