In yet another sign of renewed strength in the United States jobs market, applications for unemployment benefits in the country dropped to their lowest level in more than half a century last week.
Some 184,000 Americans filed initial jobless claims last week, the US Bureau of Labor Statistics said on Thursday. That is 43,000 fewer than the previous week’s revised number and marks the lowest level for initial unemployment claims since September 6, 1969.
The extreme low hit last week brings the four-week moving average for weekly jobless claims – which are a proxy for layoffs – down to 218,750. That is the lowest level since March 7, 2020.
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