Jobless Claims Plummet to , Half-Century Low in the United States.
The findings were released by the Department of Labor on March 24.
Only 187,000 Americans filed for unemployment benefits the week prior, which was less than economists' expectations of 210,000.
Only 187,000 Americans filed for unemployment benefits the week prior, which was less than economists' expectations of 210,000.
According to CNN, the last time jobless claims dipped this low was September 1969.
Continued jobless claims also dropped by 67,000 to 1.35 million for the week ending March 12.
Continued jobless claims also dropped by 67,000 to 1.35 million for the week ending March 12.
Which is the lowest recorded level since January 3, 1970.
As the labor market continues to rebound, many believe the U.S. Federal Reserve will ramp up interest rates to combat rising inflation.
There isn't much more to say about the labor market.
, Thomas Simons and Aneta Markowska, Jefferies economists, via statement.
There isn't much more to say about the labor market.
, Thomas Simons and Aneta Markowska, Jefferies economists, via statement.
It is extremely strong and this data is exactly the sort of evidence that has given the Fed confidence that they can raise rates more quickly to battle inflation.
, Thomas Simons and Aneta Markowska, Jefferies economists, via statement.
It is extremely strong and this data is exactly the sort of evidence that has given the Fed confidence that they can raise rates more quickly to battle inflation.
, Thomas Simons and Aneta Markowska, Jefferies economists, via statement.
Experts say they believe the current labor market could provide opportunities for many workers to land better jobs.
It's an excellent time to be looking for work, since the labor market is tight, , Ted Rossman, senior analyst Bankrate.com, via CNN.
... wages are rising and workers have negotiating power in many industries.
, Ted Rossman, senior analyst Bankrate.com, via CNN
