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(Kitco News) – For the third week in a row, the number of jobless claims in the United States fell to its lowest level in 50 years, falling below 200,000, reflecting continued strength in the labor market.
The weekly number of initial jobless claims in the United States has dropped by 5,000, to stand at 192,000 seasonally adjusted in the week of Saturday, the Labor Department said Thursday.
"This is the lowest level for initial claims since September 6, 1969, when it was 182,000," the report says.
The data was better than expected and consensus expectations were compiled by various news agencies that had called for an initial number of claims of about 207,000. The previous week's report had been revised upward by 1 000 requests to reach 197,000.
At the same time, the four-week moving average of new claims for compensation – often seen as a more reliable measure of the labor market since it reduces volatility from one week to the next. other – decreased from 6,000 to 201,250.
"This is the lowest level for this average since November 1, 1969, when it was 200,500," the report says.
Still unemployed, the number of people already receiving benefits and reported with a delay of one week fell from 63,000 to a seasonally adjusted 1.653 million during the week ending April 6, announced the government.
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