REPORT: Unemployment at LOWEST Level Since 1973–Do You Buy It?

Is there something off about this report? Is this the truth or a report that has stretched the truth in order to make the Dems look good? Let us know your thoughts.

Jobless claims fell last week to their second lowest level in nearly 43 years as employers retain their workers amid a tightening labor market.

First-time filings for unemployment benefits dropped 5,000 last week to a seasonally adjusted 249,000, down from the previous week’s 254,000, the Labor Department said Thursday. It’s the lowest number of claims since late 1973, with the exception of one week in mid-April.

Claims hit a four-decade low of 248,000 in April.

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The less-volatile four-week average decreased 2,500 to 253,500 from the previous week’s 256,000, the lowest level since Dec. 8, 1973, when it was 252,250.

Claims have been below 300,000 for 83 straight weeks, the longest stretch since 1970.

 

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