Economy

Jobless claims running at 44-year low

By Joseph Lawler
Published February 9, 2017 1:31pm ET
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Jobless claims running at 44-year low
On Thursday, the Labor Department reports on the number of people who applied for unemployment benefits in the previous week. Economists in the private sector had expected jobless claims to tick up to a still-low 250,000. (AP Photo/David Goldman, File) | David Goldman

Jobless claims once again are running at the lowest levels in 44 years, another sign of labor market strength as President Trump begins his tenure.

New claims for unemployment benefits plunged to an ultra-low 234,000 in the first week of February, the Department of Labor reported Thursday, well below the 250,000 expected by forecasters.

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Tag:

Jobs Joseph Lawler Labor Minusextra Unemployment