September 20, 2018

Here We Go Again: Initial Unemployment Claims Hit Another 49-Year Low

Filed under: Economy,Taxes & Government — Tom @ 7:54 pm

From the Department of Labor — After the hurricane wreckage clears a few weeks from now, it would seem that a seasonally adjusted drop below 200,000 is quite possible:


In the week ending September 15, the advance figure for seasonally adjusted initial claims was 201,000, a decrease of 3,000 from the previous week’s unrevised level of 204,000. This is the lowest level for initial claims since November 15, 1969 when it was 197,000. The 4-week moving average was 205,750, a decrease of 2,250 from the previous week’s unrevised average of 208,000. This is the lowest level for this average since December 6, 1969 when it was 204,500.


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