Initial Jobless Claims Drop To Lowest Rate Since 1973

Initial jobless claims fell by 19,000 in the past week, the lowest level for initial claims since March 1973. The 223,000 initial jobless claim is just slightly higher than the 222,000 claims made in March 1973, according to the Department of Labor. The four-week average is now 234,250, which is a decrease of 6,2550 from the…

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