January 19, 2017

Joblessness at four decade record low

Portland Press Herald  - 234,000 Americans sought jobless aid, a drop of 15,000 from the previous week and lowest since November 1973. The four-week average, which is less volatile, fell by 10,250 to 246,750, also the lowest since November 1973. The total number of people receiving unemployment benefits was 2.05 million, down 7.7 percent from a year earlier.

1 comment:

Anonymous said...

Aid to the jobless at four decade record low, as decline in workforce participation outpaces unemployment benefit. Pundits celebrate and call it a win.