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Wednesday, May 22, 2019  Spokane, Washington  Est. May 19, 1883
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U.S. claims for unemployment aid hit lowest level since 1969

UPDATED: Thu., April 18, 2019, 5:20 p.m.

The Labor Department says claims for jobless aid in the U.S. fell by 5,000 last week to 192,000, lowest since September 1969. (J. Scott Applewhite / AP)
The Labor Department says claims for jobless aid in the U.S. fell by 5,000 last week to 192,000, lowest since September 1969. (J. Scott Applewhite / AP)
By Paul Wiseman Associated Press

The number of Americans filing for unemployment benefits dropped to the lowest level in nearly half a century.

The Labor Department says claims for jobless aid fell by 5,000 last week to 192,000, lowest since September 1969. The four-week average, which is less volatile, dropped by 6,000 to 201,250, lowest since November 1969.

Weekly claims have been at historically low levels – below 300,000 – for more than four years.

Unemployment claims are a proxy for layoffs. The low levels show that most American workers enjoy job security. The employment rate is 3.8%, the lowest in almost 50 years.

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