Unemployment claims at lowest level since 1969


(Worthy News) – The number of people who filed for unemployment benefits last week was the lowest in 50 years, Labor Department figures showed Thursday.

Jobless claims reached 202,000 in the final week of March — the fewest since Dec. 6, 1969. The mark was 10,000 fewer than the week before.

The numbers indicate continued strength in the employment market. Last month, the department said productivity among U.S. workers increased in the fourth quarter of 2018 at a greater pace than expected. Wednesday, ADP and Moody’s projected job growth of 129,000 for March. Official monthly government figures arrive Friday and analysts expect them to show job growth of about 170,000. [ Source: UPI (Read More…) ]

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