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The numbers: The number of Americans who applied for unemployment benefits in mid-September fell to a fresh 49-year low, more proof that a growing labor shortage and surging economy have given workers greater job security.
Initial jobless claims, a rough proxy for layoffs, fell by 3,000 to 201,000 in the seven days ended Sept. 15. That’s below the 208,000 MarketWatch forecast and marks the lowest level since Nov. 12, 1969.
The article goes on to state the following:
The monthly average of new claims, meanwhile, slipped by 2,250 to 205,750, the government said Thursday. That’s also a 49-year low.
The number of people already collecting unemployment benefits declined by 55,000 to 1.65 million. Known as “continuing” claims, they have fallen to the lowest level since 1973.
— Charles V Payne (@cvpayne) September 20, 2018
US weekly jobless claims total 201,000, vs 210,000 expected https://t.co/SgOWLWydfh
— CNBC Now (@CNBCnow) September 20, 2018
First-time unemployment claims reach new 49-year low https://t.co/YzRmWSVcoE
— MarketWatch (@MarketWatch) September 20, 2018
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US Weekly Jobless Claims Fall:
•201,000 filed for unemployment insurance last week
→ Lowest level for initial claims since Nov 1969
•Weekly filings below 300,000 signal healthy labor market
→ New weekly claims have been below 300,000 since Mar 2015https://t.co/bJMHx4uFec
— Fox News Research (@FoxNewsResearch) September 20, 2018