Categorie
USA

US jobless claims plunge to the lowest level since 1969 (Molly Smith, Bloomberg, Al Jazeera)

Applications for U.S. state unemployment benefits plunged last week to a level not seen since 1969, which if sustained would mark the next milestone in the labor market’s uneven recovery.

Initial unemployment claims in regular state programs fell by 71,000 to a seasonally adjusted 199,000 in the week ended Nov. 20, Labor Department data showed Wednesday. The median estimate in a Bloomberg survey of economists called for 260,000 applications.

US jobless claims plunge to the lowest level since 1969 | Unemployment News | Al Jazeera