Fewest Jobless Claims Since 1973 Show Firm U.S. Job Market

GURPS

INGSOC
PREMO Member
Filings for unemployment benefits plunged last week to the lowest level since 1973 as workers affected by hurricanes Harvey and Irma continued to return to their jobs, Labor Department figures showed Thursday.

Key Takeaways

The larger-than-projected decrease in claims probably reflected difficulty adjusting for the Columbus Day holiday. At the same time, the report showed further declines in claims in hurricane- affected states. The storms initially led to a spike in applications in Texas and the southeastern U.S. in late August and early September.

The latest period also encompasses the reporting week that the Labor Department surveys for its October employment figures. Claims are at the lowest level in more than four decades, indicating employers have little desire to cut staffing levels amid a shortage of qualified workers.



Fewest Jobless Claims Since 1973 Show Firm U.S. Job Market
 

transporter

Well-Known Member
Filings for unemployment benefits plunged last week to the lowest level since 1973 as workers affected by hurricanes Harvey and Irma continued to return to their jobs, Labor Department figures showed Thursday.

Key Takeaways

The larger-than-projected decrease in claims probably reflected difficulty adjusting for the Columbus Day holiday. At the same time, the report showed further declines in claims in hurricane- affected states. The storms initially led to a spike in applications in Texas and the southeastern U.S. in late August and early September.

The latest period also encompasses the reporting week that the Labor Department surveys for its October employment figures. Claims are at the lowest level in more than four decades, indicating employers have little desire to cut staffing levels amid a shortage of qualified workers.



Fewest Jobless Claims Since 1973 Show Firm U.S. Job Market

Wow...an article from a respectable website/publication...are you not feeling well?

Please note the chart in the article...there has been no discernible change in the trajectory of the line since Trump was either elected or inaugurated. At some point that line will flatten and begin to rise. That is not political, just factual.
 

GURPS

INGSOC
PREMO Member
Wow...an article from a respectable website/publication...are you not feeling well?

... there has been no discernible change in the trajectory of the line since Trump was either elected or inaugurated.



Did I say ANYTHING About Trump ..........


and its NOT the 1st Article I have Posted From Bloomberg
 
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