Franchise News
Fox Business: U.S. Jobless Claims Fall to 45-Year Low
This is the 150th straight week that unemployment claims stayed under 300,000.
Fewer Americans are filing for unemployment benefits. According to a Fox Business article, the number of people requesting that aid hit its lowest level in 45 years. However, the latest numbers may overstate the health of the economy. That’s because data for California, Arkansas, Kentucky, Maine, Hawaii, Virginia and Wyoming were estimated.
Citing data from Reuters, Fox Business notes that initial claims for unemployment benefits fell by 41,000 for the week ending January 13. Seasonally adjusted, that means that 220,000 filed for unemployment benefits, which is the lowest level seen since February 1973. It also marks the 150th straight week that unemployment claims stayed under 300,000, showing signs of a strong labor market.
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About the Author
Cassidy McAloon
FollowCassie has over five years of digital and traditional media experience. She joined NLA after working as a television news producer in both Milwaukee and Chicago, and now specializes in aligning strategies across the board for her clients, ultimately building buzz and telling compelling stories through content marketing, social media, digital campaigns and traditional PR.
Cassie has a Bachelor of Arts in Broadcast and Electronic Communications from Marquette University. In her spare time, Cassie enjoys traveling and exploring what new cities have to offer in addition to spending time with her friends and family.
