Few Fired

This past week, for the 54th week in a row, fewer than 300,000 persons sought new unemployment benefits, the best such streak since the 17-month period ending 1/5/74! The current streak just surpassed the 50 week dotcom sub 300,000 streak ending 7/29/00. Of course, in 1974 the number of working Americans was just 78.1 million while in 2000 it was 132.2 million. Today’s it’s 143.6. A healthy labor market.