Initial jobless claims fell another 8,000 to a seasonally adjusted 196,000 for the week ending April 6, the lowest level since October 4, 1969. During that week, weekly jobless claims came in at 193,000.
The 4-week moving average fell by 7,000 to 207,000, the lowest level for the average since December 6, 1969 when it was 204,500.
The consensus forecast for the week was looking for a gain to 211,000. Last week, weekly jobless claims fell to the lowest level since December 6, 1969.
| Prior | Revised | Consensus | Range | Actual | |
| New Claims – Level | 202K | 204K | 211K | 210K – 215K | 196K |
| 4-week Moving Average – Level | 213.50K | 214.00K | 207.00K | ||
| New Claims – Change | -10K | -8K | -8K |
That level had been cited as the benchmark low in previous reports under this administration–here, here and here–but it was the first time it mirrored 202,000. Now, it has fallen below it, indicating a very strong labor market.
The advance seasonally adjusted insured unemployment rate was unchanged at a very historically low 1.2% for the week ending March 30.
The advance number for seasonally adjusted insured unemployment during the week ending March 30 fell 13,000 to 1,713,000. The 4-week moving average was 1,734,500, a decrease of 11,000 from the previous week’s revised average.
No state was triggered “on” the Extended Benefits program during the week ending March 23.
The highest insured unemployment rates in the week ending March 23 were in Alaska (2.8), New Jersey (2.5), Connecticut (2.4), Rhode Island (2.4), California (2.2), Massachusetts (2.2), Montana (2.2), Illinois (2.0), Minnesota (2.0), and Pennsylvania (2.0).
The largest increases in initial claims for the week ending March 30 were in Illinois (+1,297), Arizona (+338), New York (+325), Oregon (+311), and Wisconsin (+262), while the largest decreases were in Texas (-2,055) Pennsylvania (-1,377), California (-1,304), Arkansas (-1,044), Missouri (-591), and New Jersey (-591).
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Clearly any successes in the USA Economy under President Trump are the result of comradegrandmuftihusseinobama's actions. sar/
Some one should let the media know know since I do not see this announcement on any of the Cable News or Media networks?
Looks like Trump's America is a powerhouse of optimism and will power. Trump's base envision America stronger than ever before.
Despite over 2 years of 95% negative propaganda 24/7 and every Democrat and many Republicans fighting him all the way.
while this is great news and i appreciate lord geotus trump for getting us to the highest peak but typically when you get to effectively 100% employment there is only one way to go from
here. i hope we can hang on for a few years but the swamp wants revenge
LOL! The "media" refuses to report it! LOL! Wonder why....? LOL!
For some reason, I'm thinking that Fox News will be the only cable news outlet talking about this. Well, the others might be doing the old tired line, "Obama started it!" Yea, and if my grandmother had wheels, she would be a wagon.
The US is coming back
Goggle: DailyJobFix
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Yet my city is filled with homeless.
Legalized pot, am guessing in your state.
It's a choice.
Yes it is. It's a choice by your Government to lie about the numbers and ignore the problem.
You should really wise up. This has been going on longer than any of us has been alive.
Exactly! There is a REASON they never mention the U-6 employment numbers. They represent the people who have been unemployed for so long that they have given up. They have nothing left to lose.
Our "wonderful, magnanimous, caring" Government simply ignores those CITIZENS. Sweep it under the rug. We can't be bothered. Besides...it wouldn't reflect well on them if they told the truth. Optics are everything.
"They call it the American Dream for a reason. You'd have to be asleep to believe it!" - George Carlin
So vote for socialism in 2020. Problem solved! (sarcasm)
Look around you. You're sitting at a computer or on your phone with the means and time to comment on this article. Chances are you are not starving or even uncomfortable. Many of those u-6ers are in that same boat. You simply don't appreciate what you have and the freedoms you have only because you live in America. If you are dissatisfied you can change. Stop complaining.
Way to make it personal, Idiot. Go re-bury your head up your arse...and BE PROUD! You just won the interwebs!
The U6 rate includes part time workers. These people choose this. There are more jobs than there are people to fill them. I like the U5 rate. It it doesn't count in the part timers. If the U3 rate was high, you could say the U6 was high because full time jobs were not available. Not the case now. The U5 rate is around 4.5%.
From Macro Trends..
"U3 is the official unemployment rate. U5 includes discouraged workers and all other marginally attached workers. U6 adds on those workers who are part-time purely for economic reasons. The current U6 unemployment rate as of March 2019 is 7.30."
So you'd rather believe the lying Government than your own lying eyes. Fine. Good luck with that, sucker.
I'll see you in the collapse.
Great, That makes me want to vote Democrat.... (SARCASM!!!)
President Trump is to blame.