Economy

Jobless claims fall to the lowest level since 1969

By Joseph Lawler
Published July 19, 2018 12:30pm ET
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Jobless claims fall to the lowest level since 1969
The unemployment rate is 3.8 percent in the U.S. | (AP Photo/Annie Rice)

New claims for unemployment benefits fell 8,000 to 207,000 in the second week of July, the Department of Labor reported Thursday morning, the lowest such number since 1969.

Forecasters had expected new jobless claims to edge up to around 220,000. Instead, fewer people sought unemployment insurance than anytime in 48 years.

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Jobs Labor Unemployment