Friday, October 13, 2017

Unemployment Claims Fall To Lowest Level In 43 years, Despite Hurricanes

WASHINGTON EXAMINER — The total number of laid-off workers receiving unemployment benefits fell to 1.89 million at the end of September, the Department of Labor reported Thursday, the lowest such mark in nearly 44 years.

And new claims for unemployment benefits dropped 15,000 to 243,000 in the first full week of October, according to the agency, as the job market bounces back from hurricane damage even faster than forecasters expected.

Low new jobless claims are a good sign. They indicate that layoffs are rare, and accordingly that job creation is strong. ... (read more)

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