Jobless Claims Reach 49.5 Year Record Under Trump Administration

Jobless claims fall for the fourth week in a row reaching the lowest level since October 1969 as the economic boom continues.

The Labor Department released the numbers Thursday indicating the number of people filing for unemployment benefits declined to 196,000.

This number comes as a pleasant surprise to experts who previously predicted the number to be near 210,000.

The report also showed the four-week average to be 207,000 which is the lowest since December 1969.

During the last week in March continuing claims fell 13,000 which was measured at 1.7 million.

The numbers suggest the economic boom continues to foster a robust labor market since there are more job vacancies then people seeking jobs for the first time ever.

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