The U.S. Jobless Claims Have Dropped to a Nearly 45-Year Low The U.S. Jobless Claims Have Dropped to a Nearly 45-Year Low – NTK Network

The U.S. Jobless Claims Have Dropped to a Nearly 45-Year Low

This is the 153rd straight week that jobless claims have remained below 300,000, a sign of a strong labor market.

By NTK Staff | 02.08.2018 @12:00pm
The U.S. Jobless Claims Have Dropped to a Nearly 45-Year Low

The United States Labor Department announced that the number of Americans filing for unemployment benefits dropped to its lowest level in nearly 45 years on Thursday.

Reuters reported:

“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 on Thursday. Claims fell to 216,000 in mid-January, which was the lowest level since January 1973.”

The 216,000 Americans filing for unemployment benefits is lower than the 232,000 that economists forecasted.

This is the “153rd straight week that claims remained below the 300,000 threshold, which is associated with a strong labor market.”

The 4.1 percent jobless rate is now at a 17-year low, and the labor market in America is nearing full employment.

This better than anticipated report from the labor market follows a Quinnipiac University poll that found more American voters believe President Trump is responsible for the strong economy than former President Barack Obama.

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