Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Friday, 30 September 2016

US jobless claims at 43-year lows

Thanks Obama...

US initial jobless claims, seen to be a proxy for lay-offs, were up a notch from 251,000 to 254,000, but have now been chugging along under 300,000 for 82 consecutive weeks according to the latest Department of Labor figures. 

That's the longest such streak since 1970.

The 4-week moving average of 254,000 is the lowest level in my lifetime (since November 1973, in fact, when a reading of 233,000 was recorded).