Economics
U.S. Initial Jobless Claims Decline to Lowest Since 1969
- Applications dropped to 187,000 last week, below all estimates
- Fed Chair Powell said labor market is at an ‘unhealthy’ level
This article is for subscribers only.
Applications for U.S. state unemployment insurance fell last week to the lowest since 1969 as employers desperately try to hang onto workers amid near-record job openings and depressed labor-force participation.
Initial unemployment claims decreased by 28,000 to 187,000 in the week ended March 19, Labor Department data showed Thursday. The median estimate called for 210,000 applications in a Bloomberg survey of economists.