Economy

Number of people getting unemployment benefits falls to 44-year low

By Joseph Lawler
Published April 5, 2018 12:35pm ET
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Number of people getting unemployment benefits falls to 44-year low
Workers work on a building under construction in Sacramento, Calif., Friday, Aug. 16, 2013. California's unemployment rate increased slightly to 8.7 percent in July, the first rise in unemployment since the spring of 2011. Construction lost 7,000 jobs with mining, logging and government employment also dropping in July. | (Rich Pedroncelli/AP)

The total number of people receiving unemployment benefits fell to the lowest level in 44 years in March, the Department of Labor reported Thursday in more good news about the economy.

Altogether, 1.8 million people got unemployment insurance benefits toward the end of March, the smallest such seasonally-adjusted number since the end of December 1973, when the workforce was much smaller and there were fewer people to be laid off. Benefits are available for up to 26 weeks in most states.

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Jobs Labor Unemployment