US jobless claims hit 50-year low at 187,000
US initial jobless claims fell to an estimated 187,000 last week, the lowest level since September 1969.
Initial jobless claims in the United States dropped to an estimated 187,000 during the most recent week, the lowest reading since September 1969.
The figure represents a notable decline and highlights ongoing tightness in the labor market. The number of Americans filing for unemployment benefits has not been this low in over 50 years.
Source: First Squawk