Advertisement

US claims for unemployment aid hit lowest level since '69

US claims for unemployment aid hit lowest level since '69 Photo: AP

April 18, 2019 08:21 AM

The number of Americans filing for unemployment benefits dropped to the lowest level in nearly half a century.

The Labor Department says claims for jobless aid fell by 5,000 last week to 192,000, lowest since September 1969. The four-week average, which is less volatile, dropped by 6,000 to 201,250, lowest since November 1969.

Advertisement

Weekly claims have been at historically low levels — below 300,000 — for more than four years.

Unemployment claims are a proxy for layoffs. The low levels show that most American workers enjoy job security. The employment rate is 3.8%, the lowest in almost 50 years.

Connect with KSTP


Join the conversation on our social media platforms. Share your comments on our Facebook, Instagram, and Twitter pages.

Credits

By PAUL WISEMAN

(Copyright 2019 by The Associated Press. All Rights Reserved.)

Advertisement

Body cam videos, 911 calls from Damond among evidence in Noor trial released Thursday

Dispatchers taking longer to answer 911 calls in Minneapolis

Man charged in Maplewood standoff 'insisted he was going to die,' complaint says

Northbound Northstar service disrupted due to accident

Twin Cities couple cooks up possible solution to son's rare disease

Advertisement