December 1973. That’s the last time continuing jobless claims have been below this week’s print of 1.889 mln. Think about that for a minute. The median American age is currently 37.8 years old, so the majority of Americans weren’t even alive the last time claims were this low. Every week it seems like the weekly jobless claims report can’t top the recent reports of the past, but then we get another reading like this. Eventually the tide will turn, but for now, it keeps moving in the right direction.
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