Jobless claims declined to a 49-year low signaling less Americans are filing for unemployment benefits.
The Labor Department released the report Thursday, which showed jobless claims fell to 202,000.
The findings also suggested the month average declined to 213,000, which is a record since October.
Further, during the third week in March, the number of continuing claims declined the most since the month of November.
Experts claim the numbers indicate employers are trying to hold on to as many workers as possible as the economy continues to grow.
Jobless claims have fallen to a 49 year low!
Further, the number of people collecting unemployment benefits declined to the lowest level since 1973.
The @realDonaldTrump economy is BOOMING and we are working hard everyday to keep it roaring and better the lives of all Americans!
— Ivanka Trump (@IvankaTrump) September 20, 2018
The report comes as unemployment rates for various minority groups have hit record lows across the board.
Under the Trump administration, the number of job vacancies now outnumber the amount of people seeking jobs, which has never been recorded under any other administration.