US unemployment claims hit lowest level since 1969 – business live

All the day’s economic and financial news, as worries about US interest rate rises hit shares againLatest: Best weekly US jobless figures in almost 50 yearsJust 210,000 initial claims filed last weekEarlier:UK manufacturing PMI dropsCarpetright shares plunge after fresh profits warningEuropean markets down after selloff on Wall StreetNationwide: House prices fell 0.3% last month 1.56pm GMT Bloomberg’s Mike McKee says today’s US unemployment data is seriously impressive:Jobless claims (210,000) were the lowest since December 1969. Considering population growth, that is beyond stunning.There’s no better indicator of cyclical labor strength than weekly claims. It’s based on hard data that comes from people who depend on benefits when the job ends and until the new one begins. Claims have been telling us the economy is strong for years now.Weekly Initial Unemployment Claims decrease to 210,000, 4-Week Average lowest since 1969 https://t.co/aMgCRBvv3U pic.twitter.com/52yXdzdUtr 1.37pm GMT Breaking: The number of Americans signing on for unemployment benefit has hit its lowest level in almost 50 years.The weekly initial claims survey shows that just 210,000 US citizens filed new claims last week, down from 220,000 the previous week.We haven’t had that spirit here since 1969.U.S. jobless claims fall to 210,000, lowest since Dec 1969. pic.twitter.com/0miOi9sZ3PChart of Initial Jobless Claims since 2008 pic.twitter.com/EqsNPs3woQ Continue reading…
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