Jobless Claims Just Hit A Number Not Seen Since Nixon Was President

“Yeah, jobless claims are way down BUT…”

“Good jobs report, BUT most economists warn…”

And so on. But it’s not bad news, as even ABC News had to admit:

The number of Americans filing for unemployment benefits tumbled to their lowest level more than 50 years last week despite a number of economic headwinds including the war in Iran.

U.S. jobless aid applications for the week ending April 25 fell by 26,000 to 189,000, down from the previous week’s 215,000, the Labor Department reported Thursday. That’s well below the 214,000 new applications analysts surveyed by the data firm FactSet were expecting.

ADVERTISEMENT

←PreviousNext→