BRIAN KILMEADE: "U.S. unemployment claims sliding by 2,000 to 236,000. The number of Americans now collecting benefits is as low as it’s ever been. Actually, dates all the way back to 1988 the last time it was this low."
Excerpts from Reuters
U.S. jobless claims fall; continuing claims lowest since 1988
By: Lucia Mutikani
Thursday, May 11, 2017
"New applications for U.S. jobless benefits unexpectedly fell last week while producer prices rebounded strongly in April, pointing to a tightening labor market …
"Labor market strength was also underscored by a sharp drop in the number of Americans on unemployment rolls to a 28-1/2-year low in the final week of April.
"Initial claims for state unemployment benefits fell 2,000 to a seasonally adjusted 236,000 for the week ended May 6, the Labor Department said on Thursday …
"Claims have now been below 300,000, a threshold associated with a healthy labor market, for 114 straight weeks. That is the longest such stretch since 1970, when the labor market was smaller. The labor market is close to full employment, with the unemployment rate at a near 10-year low of 4.4 percent.
"The number of people still receiving benefits after an initial week of aid tumbled 61,000 to 1.92 million … the lowest level since November 1988.
"The U.S. central bank increased its benchmark overnight interest rate by 25 basis points in March and has forecast two more rate hikes this year. The economy created 211,000 job in April after adding only 79,000 positions in March …"
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Economy Jobs, Wages and Unemployment