Business/Finance
See other Business/Finance ArticlesTitle: Unemployment Claims At Lowest Level In 28 Years
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Published: May 20, 2017
Author: jj
Post Date: 2017-05-20 17:24:41 by HAPPY2BME-4UM
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Views: 374
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Businesses encouraged and more people getting back into the workplace because of it.
Via Washington Examiner:
Total continuing claims for unemployment benefits ran at the lowest level in 28 years at the beginning of May, the Department of Labor reported Thursday morning in a new sign that the jobs market is still improving.
The total number of unemployed workers receiving benefits fell to 1.9 million, the agency said, the lowest such mark since November of 1988, when the workforce was much smaller.
Over the past month, the average number of continuing claims per week has clocked in at 1.95 million, the lowest number in 43 years.
Those numbers were released as part of the department’s weekly jobless claims report, which is valued by investors and government officials because it provides a frequently-updated indication of new claims for unemployment benefits, a proxy for layoffs. Fewer layoffs means more job creation.
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