Sep
20

Unbelievable Unemployment

For the week ending 9/15/18, initial unemployment claims fell to 204,000, their lowest level since 11/15/69, yes, 1969! The four-week moving average declined to 205,750, its lowest level since 12/6/69. Moreover, claims have been below 300,000 since 3/7/15, the longest period since record keeping began on 1/1/67. Lastly, there has been continuous net job growth for 95 straight months, the longest streak since record keeping began in January 1939. Wow!

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