Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969

[Otis Mayfield]

The ranks of those submitting jobless claims tumbled to their lowest level in more than 52 years last week, the Labor Department reported Wednesday.

New filings totaled 199,000, a number not seen since Nov. 15, 1969, when claims totaled 197,000. The report easily beat Dow Jones estimates of 260,000 and was well below the previous week’s 270,000.

Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969

Initial jobless claims totaled 199,000 last week, the lowest since 1969, easily beating Dow Jones estimates for 260,000.

www.cnbc.com

Way to go, Joe!

Are you surprised the Biden economy is doing so well?

 

[Mac1958]

The ranks of those submitting jobless claims tumbled to their lowest level in more than 52 years last week, the Labor Department reported Wednesday.

New filings totaled 199,000, a number not seen since Nov. 15, 1969, when claims totaled 197,000. The report easily beat Dow Jones estimates of 260,000 and was well below the previous week’s 270,000.

Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969

Initial jobless claims totaled 199,000 last week, the lowest since 1969, easily beating Dow Jones estimates for 260,000.

www.cnbc.com

Way to go, Joe!

Are you surprised the Biden economy is doing so well?

Yeah, very nice numbers. If inflation levels off and begins to decline, we could be off to the races.

Fingers crossed. Good stuff.

 

[candycorn]

The ranks of those submitting jobless claims tumbled to their lowest level in more than 52 years last week, the Labor Department reported Wednesday.

New filings totaled 199,000, a number not seen since Nov. 15, 1969, when claims totaled 197,000. The report easily beat Dow Jones estimates of 260,000 and was well below the previous week’s 270,000.

Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969

Initial jobless claims totaled 199,000 last week, the lowest since 1969, easily beating Dow Jones estimates for 260,000.

www.cnbc.com

Way to go, Joe!

Are you surprised the Biden economy is doing so well?

Good news to be sure.

 

[Grumblenuts]

The anti-communists gathered and there was much rejoicing..

 

[JimH52]

"But the Repubs say the economy sucks! What the Hell?"​

 

[AzogtheDefiler]

The ranks of those submitting jobless claims tumbled to their lowest level in more than 52 years last week, the Labor Department reported Wednesday.

New filings totaled 199,000, a number not seen since Nov. 15, 1969, when claims totaled 197,000. The report easily beat Dow Jones estimates of 260,000 and was well below the previous week’s 270,000.

Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969

Initial jobless claims totaled 199,000 last week, the lowest since 1969, easily beating Dow Jones estimates for 260,000.

www.cnbc.com

Way to go, Joe!

Are you surprised the Biden economy is doing so well?

See what happens when you take away free money. Nov 22 can’t come soon enough.

 

[Harpy Eagle]

See what happens when you take away free money. Nov 22 can’t come soon enough.

So, do tell us Mr Independents...which party will you be voting for in Nov 22?

 

[AzogtheDefiler]

So, do tell us Mr Independents...which party will you be voting for in Nov 22?

The one that opposes the party that supports Defunding the Police. You?

 

[Oddball]

The ranks of those submitting jobless claims tumbled to their lowest level in more than 52 years last week, the Labor Department reported Wednesday.

New filings totaled 199,000, a number not seen since Nov. 15, 1969, when claims totaled 197,000. The report easily beat Dow Jones estimates of 260,000 and was well below the previous week’s 270,000.

Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969

Initial jobless claims totaled 199,000 last week, the lowest since 1969, easily beating Dow Jones estimates for 260,000.

www.cnbc.com

Way to go, Joe!

Are you surprised the Biden economy is doing so well?

What's the labor force participation rate, Dumbo?

 

[citygator]

Dropped even further in December with good news for Biden which he won’t capitalize on effectively. The lowest jobless claims filed since 1969 occurred last week. The guy is presiding over the history’s greatest economy and continues to stress the few shortfalls.

Weekly jobless claims fall to 184,000, the lowest level in more than 52 years

Initial filings for unemployment insurance totaled 184,000 for the week ended Dec. 4, the lowest going back to Sept. 6, 1969.

www.cnbc.com

Weekly jobless claims tumbled last week, reaching a fresh 52-year low as the U.S. jobs market climbs out of its pandemic-era hole, the Labor Department reported Thursday.

Initial filings for unemployment insurance totaled 184,000 for the week ended Dec. 4, the lowest going back to Sept. 6, 1969, which saw 182,000.


Initial claims for unemployment insurance were expected to total 211,000 for the week ended Dec. 4, according to a Dow Jones economist survey.

The total coincided with a large seasonal modification, as the unadjusted number was 280,665. But the move lower in claims, which fell from the 227,000 reported the week before, represents more progress for a labor market still struggling with a worker shortage and other pandemic-related fallout.


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