Unemployment claims lowest since 1969

[OfTheCross]

Calculated Risk: Weekly Initial Unemployment Claims Decrease to 187,000; Lowest Since 1969

The DOL reported:
In the week ending March 19, the advance figure for seasonally adjusted initial claims was 187,000, a decrease of 28,000 from the previous week's revised level. This is the lowest level for initial claims since September 6, 1969 when it was 182,000. The previous week's level was revised up by 1,000 from 214,000 to 215,000. The 4-week moving average was 211,750, a decrease of 11,500 from the previous week's revised average. The previous week's average was revised up by 250 from 223,000 to 223,250.
emphasis addedThe following graph shows the 4-week moving average of weekly claims since 1971.

 

[Godless Socialist CEO]

But I was told no one wanted to work

 

[Pressure]

But I was told no one wanted to work

I was told voters were running to the GOP because dems weren't focused on economic issues....by OP.

 

[OfTheCross]

I was told voters were running to the GOP because dems weren't focused on economic issues....by OP.

you were told no such thing

 

[imfromthesouthside]

So what? It doesn’t make a difference if your job ain’t enough to live on? Rising rent, rising inflation, gas too high to drive to the job. The jobs don’t match the inflation. And Biden’s hoe ass promised to do somethingAbout student loans and now has reneged. Get the fukk out of here. Forget about it.

 

[DEAD7]

 

[Gritsngravy]

Is unemployment numbers one of those cliche talking points to say how well the economy is doing but really doesn’t say how strong the economy is really or is it a usefully stat to reference

 

[Mook]

Is unemployment numbers one of those cliche talking points to say how well the economy is doing but really doesn’t say how strong the economy is really or is it a usefully stat to reference

worthless considering Biden did absolutely nothing.

 

[the cac mamba]

good stat, but its all about perception. we'll see if dems can actually make it feel like it by the end of summer; bragging about it, and declaring america is back

on that note, shoutout to putin for ending covid havent seen a single one of those fukkin poll-killing TV doctors on CNN in a month

 

[killacal]

worthless considering Biden did absolutely nothing.

Everyone who was on unemployment is unable to file a new claim for a year and half of course that shyt is historically low

 

[Gritsngravy]

good stat, but its all about perception. we'll see if dems can actually make it feel like it by the end of summer; bragging about it, and declaring america is back

on that note, shoutout to putin for ending covid havent seen a single one of those fukkin poll-killing TV doctors on CNN in a month

I wouldn’t do victory laps yet, China supposedly is on lock down right now

 

[the cac mamba]

I wouldn’t do victory laps yet, China supposedly is on lock down right now

dems are too afraid to try to bring their covid powers back. theyve seen the polls

as far as the disease, get the shots shyt is over and done

 

[ADevilYouKhow]

It should be lower

 

[Pressure]

Is unemployment numbers one of those cliche talking points to say how well the economy is doing but really doesn’t say how strong the economy is really or is it a usefully stat to reference

In this scenario it shows economic recovery post Covid.

Workers have left been leaving jobs at historic level and based on these numbers it's safe to say they have been able to find other (potentially better) employment than they left.

 

[AquaCityBoy]

'Low unemployment' has been fugazi ever since the great recession.