U.S. Jobless Claims at the Lowest Level in 49 Years | NTK Network U.S. Jobless Claims at the Lowest Level in 49 Years

U.S. Jobless Claims at the Lowest Level in 49 Years

"Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 202,000 for the week ended March 30..."

By NTK Staff | 04.04.2019 @11:39am
U.S. Jobless Claims at the Lowest Level in 49 Years

The United States Labor Department said on Thursday that the number of Americans applying for unemployment benefits has dropped to its lowest level since 1969.

The Labor Department noted that “initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 202,000 for the week ended March 30,” according to Reuters.

According to Reuters:

“Thursday’s claims report showed the number of people receiving benefits after an initial week of aid decreased 38,000 to 1.72 million for the week ended March 23. The four-week moving average of the so-called continuing claims slipped 8,000 to 1.74 million.”

That is the lowest level since December 1969, according to the Labor Department.

This news comes before the Labor Department is set to release March’s jobs report, which is forecasted to show an unemployment rate “unchanged at 3.8 percent.”

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