U.S. Jobless Claims Plunge to Lowest Weekly Tally Since 1973

U.S. filings for unemployment benefits plummeted to the lowest level in almost 45 years in a sign the job market will tighten further in 2018, Labor Department figures showed Thursday.

HIGHLIGHTS OF JOBLESS CLAIMS (WEEK ENDED JAN. 13)

  • Jobless claims decreased by 41k to 220k (est. 249k); lowest level since Feb. 1973, biggest drop since April 2009
  • Continuing claims rose by 76k to 1.952m in week ended Jan. 6 (data reported with one-week lag)
  • Four-week average of initial claims, a less-volatile measure than the weekly figure, fell to 244,500 from the prior week’s 250,750

 

https://www.bloomberg.com/news/articles/2018-01-18/jobless-claims-in-u-s-plunge-to-lowest-weekly-tally-since-1973